Anyone jumping on the 20 to 1 Google split?

V

VicBee

After market is up nearly 300 on the news, now close to GOOG high of 3037. Frustratingly I cannot access pre market until 8:00 am and will miss out on a likely frenzy...

At this point looking at a quick momentum trade. GOOG isn't cheap!
 
VicBee said:
After market is up nearly 300 on the news, now close to GOOG high of 3037. Frustratingly I cannot access pre market until 8:00 am and will miss out on a likely frenzy...

At this point looking at a quick momentum trade. GOOG isn't cheap!
More...
Ha!

I wrote the following to you several years back about TSLA splitting and you jumped on me about it.
As it turns out, Elon and I were right.

Next up, AMZN.
From 2017....
Pay special attention to that last sentence. :cool:


vanzandt said:
AMZN should do a 50 to 1 split.
Make the shares $20.
It would be $1500 ($25) in no time.

I know nothing changes technically, but parents would be buying for their kids, people with small accounts will see it as "cheap" lol, etc. Its all psychological anyway... and PE is obviously not an issue... fundamentals mean absolutely nothing.

I bet it would pop $50/share just on the news.
Send Bezos a note. Maybe Elon should do this too.
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https://elitetrader.com/et/threads/amzn.296792/page-4#post-4468512
 
Damn, epic vandandt, congrats on sticking it out around here!

I too think GOOG will march higher. I think we have seen the low for a long time. Market has been too strong for last few days. There is money out there and it needs to find a home, and the pullback in stocks is home. GOOG with the split should go much higher IMO.
 
SoyUnPerdedor said:
Damn, epic vandandt, congrats on sticking it out around here!

I too think GOOG will march higher. I think we have seen the low for a long time. Market has been too strong for last few days. There is money out there and it needs to find a home, and the pullback in stocks is home. GOOG with the split should go much higher IMO.
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Why were you on here last few weeks on the market's going to crash train now with Calhoun and a few others ?
 
It's 7 am and GOOG has broken its top, now at 3056, up nearly 300, all after market... impressive!
 
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VicBee said:
After market is up nearly 300 on the news, now close to GOOG high of 3037. Frustratingly I cannot access pre market until 8:00 am and will miss out on a likely frenzy...

At this point looking at a quick momentum trade. GOOG isn't cheap!
More...

I thought you said you'd sit out markets they were all going to crash. You went into great detail about. Didn't you realize you were basically saying all these big IT stocks were going to crater because without that indexes are NOT going to crash this year ?
 
Nine_Ender said:
I thought you said you'd sit out markets they were all going to crash. You went into great detail about. Didn't you realize you were basically saying all these big IT stocks were going to crater because without that indexes are NOT going to crash this year ?
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I was just looking for the thread I'd started about it to say that I'm now back in after 3 months.
 
VicBee said:
After market is up nearly 300 on the news, now close to GOOG high of 3037. Frustratingly I cannot access pre market until 8:00 am and will miss out on a likely frenzy...

At this point looking at a quick momentum trade. GOOG isn't cheap!
More...
Its actually pretty smart. People want the feel of holding a lot of shares. I'd rather say I own 20 shares of Google then just 1. Plus, many brokerages dont do fractional shares, so someone may have to wait a couple thousand dollars more just to buy 1 extra share. With that I'd rather just buy more shares of another solid tech company.
 
Don't most brokers now offer fractional shares? I don't see the need?

I guess it's good marketing though, entice more sales for something that's still highly over-priced.

There may come a time, they will have to reverse this decision :sneaky:
 
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