Replies to post #2008 on Applied Blockchain Inc (APLD)

[KingsKnight]

Common Argument..
Yeah but let's be honest, do you EXPECT a $6 move?
This is where the flawed R/S thinking starts. THIS will NOT move $6.
Even at that S1 stated pricing of $22.50, a $6 move would be huge. I'm just not feeling it LOL.
Guess if the goal is to make money on a play, R/S tend to be a hinderance to it in some capacity.
Have any R/S worked is the other grand question LOL

Grouse Hunter Thursday, 01/27/22 11:06:05 PM
Re: KingsKnight post# 2007
The only flaw to your thinking is you are looking at dollar moves not percentage moves. $1 pre split and a $6 move post split gives you the same gain as a percentage of your investment.