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APPLE SPLITTING! What’s the play?

Posted on 7/30/20 at 3:40 pm
Posted by Covingtontiger77
Member since Dec 2015
10251 posts
Posted on 7/30/20 at 3:40 pm
Just announced


4-1
This post was edited on 7/30/20 at 3:41 pm
Posted by castorinho
13623 posts
Member since Nov 2010
82030 posts
Posted on 7/30/20 at 3:42 pm to
quote:

What’s the play?
what do you mean

Eta: in theory more retail investors will gave access to the stock, which may drive the price up a bit. But with fractional shares already a thing il not sure how much of a short term play there is here.

The company itself hasn't changed.
This post was edited on 7/30/20 at 3:45 pm
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/30/20 at 3:44 pm to
Stock splits are a non event...the economics of Apple are unchanged with this announcement.
Posted by Covingtontiger77
Member since Dec 2015
10251 posts
Posted on 7/30/20 at 3:44 pm to
Can you buy tomorrow and take advantage of the split?


They are thinking price after split may be around $100 a share.

Do you load up at that price?
Posted by JOJO Hammer
Member since Nov 2010
11920 posts
Posted on 7/30/20 at 3:46 pm to
What’s the date of the split?
Posted by eazyeric23
Northshore
Member since Dec 2009
340 posts
Posted on 7/30/20 at 3:49 pm to
August 24
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/30/20 at 3:49 pm to
The split is effective 8/24.

The price will literally be 1/4 of whatever it is on that day.
This post was edited on 7/30/20 at 3:51 pm
Posted by ODP
Conroe
Member since Oct 2015
1938 posts
Posted on 7/30/20 at 4:12 pm to
The play is the same as before...
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
5236 posts
Posted on 7/30/20 at 4:40 pm to
Obviously the company is worth the same however the split will make the stock more affordable in the minds of many investors. Especially the Robinhood traders. I expect it to jump after the split. Possibly as much as 10-20% depending on how much it runs up prior to the split.
Posted by Dandaman
Louisiana
Member since May 2017
704 posts
Posted on 7/30/20 at 4:53 pm to
Basically a 4 for 1 sale.
Posted by BamaAlum02
Huntsville, AL
Member since Nov 2005
1010 posts
Posted on 7/30/20 at 5:02 pm to
Surprised Tesla hasn't announced a split. If they got back to around $100 the Robinhooders would be all over it.
Posted by Rendevoustavern
Member since May 2018
1546 posts
Posted on 7/30/20 at 5:31 pm to
They had a 7:1 split back in 2014.

I think Tesla and/or Amazon should split before Apple. Not sure the reasoning for apple to do this unless they are wanting more trade volume or retail investors
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11100 posts
Posted on 7/30/20 at 5:31 pm to
Buy more fractional shares on Robinhood!
Posted by PUB
New Orleans
Member since Sep 2017
18216 posts
Posted on 7/30/20 at 5:33 pm to
Apple will jump 50% before the end of 2021. Might double again.
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
5236 posts
Posted on 7/30/20 at 6:33 pm to
It was stated on CNBC that they want the stock to be more affordable to the retail investor.
Posted by frogtown
Member since Aug 2017
5009 posts
Posted on 7/30/20 at 7:30 pm to
quote:

Obviously the company is worth the same however the split will make the stock more affordable in the minds of many investors. Especially the Robinhood traders. I expect it to jump after the split. Possibly as much as 10-20% depending on how much it runs up prior to the split.




dude it is time to sell the AAPL. It will be one of the greatest decisions of your lifetime. Almost as great as the time you decided to get the mullet cut in high school. That was great.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48537 posts
Posted on 7/30/20 at 7:34 pm to
quote:

They had a 7:1 split back in 2014.

I've owned it since a few days after the split.
Posted by ynlvr
Rocket City
Member since Feb 2009
4587 posts
Posted on 7/30/20 at 8:01 pm to
quote:

dude it is time to sell the AAPL

Probably the only wrong answer
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9359 posts
Posted on 7/30/20 at 8:14 pm to
quote:

But with fractional shares already a thing il not sure how much of a short term play there is here.

You’re forgetting the part where Mr. Perfect’s RH army “buys the dip” after the split, though.
Posted by 632627
LA
Member since Dec 2011
12759 posts
Posted on 7/30/20 at 8:16 pm to
Insane to think that Apple isn’t that far from $2t.

I remember not that long ago Apple and exxon had similar valuations.
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