#618538 - 06/19/1411:30 PMRe: can anyone explain what's happening to AAPL?
[Re: yoyo52]
garyW
mid-century modern
Registered: 04/19/02
Posts: 8329
I'm just asking for a new/better 30" Cinema Display to update their last version .... has it been five or six years? A 30" with the same design as their thunderbolt displays? A retina 27" iMac will do even better. But neither are even being rumored.
Samsung owns the high end TV market. How can Apple enter so late in the game? (a-ha! a wearable 50" TV display!)
#618592 - 06/20/1410:41 PMRe: can anyone explain what's happening to AAPL?
[Re: lanovami]
garyW
mid-century modern
Registered: 04/19/02
Posts: 8329
I think the answer is a huge uptick of investors. The split creates the incentive to buy in at the lower price.
Today I also saw AAPL being totally played by the big boys. Seconds before close of trading today, 30 million shares were dumped in a single trade and immediately purchased when the stock dropped -.5. That was +.50 a share x 30M = $15M won in a split second. 30M shares has a worth about $2.7B, yikes.
The reason a company splits the stock is simply to promote the stock to individual investors at the lower price. They would rather have 1,000 people own one share each vs. one investment group buy 1,000 shares. It means nothing at that low of a volume, but when you're talking about millions of shares, you don't want one guy or investment group owning that many shares (think carl icahn).
By splitting the stock, it lowers the price and gets lots more people to buy the stock, which means those large investors control a smaller percentage of the stock - thus giving them less "power."
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