You have that exactly right, Streetrod.
I would like to buy more NMKT, but everytime I start to buy, I tell myself;
Now wait, you do not have any information on how this split will be done and how many shares you are going to be losing, why the hell buy now with all this uncertainty and potential for a cut in the shares I purchase. On top of that, I remind myself: you know there is a 90% chance that the stock price will drop at least another 10 to 20% once the split is announced, at which time you can buy more shares for your money than if you buy now.
So, I promptly remove the order and sit and wait.
The deeper problem is, I have now found a couple of other stocks that are of interest, so now my money gets tied up in those companies, and I lesson the likelyhood that the money is here to support NMKT when the push would be of some benefit when they are ready to move.
Because of this kind of thinking, the company is continually losing out on potential investment dollars. Every day they wait to make a decision or delay achieving a goal that needs to be announced, they are losing investment monies to other companies that are doing something SUBSTANTIVE (not just fluff PRs with more promises that may or may not be met, and POTENTIAL for success, that may or may not happen), to instill investor confidence.
AI
