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Sunday, August 05, 2012 9:30:22 AM
You state, "the stock did essentially nothing for over a year after the split...but it eventually did go up with news...as it would have with or without the f/s..."
I have found over these long years fighting the market that when a company does a 2,3,or 4 for one split, that it usually goes down a bit or basically stays the same AFTER THE SPLIT.
If you look at Coca Cola (KO), a stock I had for about fifteen years, it had two 2x1 splits. I started out with 250 shares, and I ended up with 1,000. However, for almost six years, the stock sat in the mid 40's and went nowhere. Then, all of a sudden, around the seventh year, it took off from the mid 40's to where it is today, in the low 80's. Now, they declared another 2x1 split.
This is how money is made. You buy a company which you feel as a potential product, and you hold on through thick and thin. With KBLB
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