That's not true. It has an impact on options re-pricing after the split occurs. I don't pretend to understand it, so don't ask for more details, but options traders love splits, apparently (at least the traders I know).
I trade options and I love it when share price is above $1000.
The flurry of stock splits for major tech shares is just a way for institutions to offload their stock to retail investors.
JPM and their clown gang has been screaming "buy the dip" non stop since Jan.
> JPM and their clown gang has been screaming "buy the dip" non stop since Jan.
Well... long-term (=20-30 years) "buying the dip" is the one true way to make outlandish profits (other than gambling with options), the thing is you have to be financially able and psychologically strong enough to not sell on the inevitable downturns - and you need to spread your purchases.
Retail investors should stay the fuck out of single stocks or narrow-scope indices, at least with money they cannot afford to lose.
there is absolutely no way in hell SHOP is going back to $1300. Or even COIN or any of the other tech will return to their heights.
AMZN, GOOG might return probably in other 10 years.
There is the saying "don't catch a falling knife" for a reason. It's illogical to plough money into stock market when QT has hit, inflation is soaring and a recession is all but guaranteed.
