Will anybody freak out on Monday if they don't know about the split and see Apple's stock price displayed out of context?
My broker just called me to let me know, and to also tell me that it won't be available for after hours trading Friday. He knows I know this, but he's calling all the Apple clients.
I haven't checked my emails to see if Scottrade is letting me know this on my account there.
People Who are influenced by the number of shares they hold should never buy any shares! What about warren buffets Berkshire shares. Are they at $100.000 now a piece?
I understand what you are saying but the stock market is as much about psychology as financial fundamentals. You cannot simply dismiss that. Panic sells often happen for no actual reason just from a false rumor and the same thing happens on false good rumors. If you look at stock orders, the vast majority from individual investors are in blocks of ten. There is just something more satisfying or comforting about buying 10 shares over 8, or 200 over 187.
People that were simply priced out at the old valuation can now afford to buy AAPL. This cannot be underestimated. An entire new pool of buyers that will likely hold on to their shares longer term could bring a bit more sanity and stability to AAPL shares.
Stocks are easier to buy in standard blocks such as 50 shares, 100 shares, etc. selling too.
When you look at the realtime trades for AAPL being executed, you'll see that all sorts of random share lots are being traded every minute. Of course round numbers like 50,100,200 are common to see, but you'll also see plenty of odd numbers too.
These are the last trades for AAPL made right now at around 3 PM -
At the 7-1 split evaluation, AAPL would only need to reach a price of around $142 per share to be at the old $1,000 per share evaluation. I can see AAPL climbing to around $125 with just the iPhone 6 alone.
I don't understand this. pazuzu is clearly a troll and does nothing but bash apple, derail threads, or post inane stuff. He contributes nothing. I don't get why 1) Slurpy is being warned for calling him out or 2) why pazuzu has not yet been banned.
For my sake, I hope you're both right. Open at $100, and zip right to $150.
OMG, so you really expect a 60% increase in stock price purely as a result of the split? That would be like APPL going to $1,000 or so. And I don't hear even the most optimistic analysts forecasting that! (Then again, the "analysts" aren't always very prescient.)
EDIT: Yeah, gwmac had the same idea and posted it moments before I did. He wins.
I understand what you are saying but the stock market is as much about psychology as financial fundamentals. You cannot simply dismiss that. Panic sells often happen for no actual reason just from a false rumor and the same thing happens on false good rumors. If you look at stock orders, the vast majority from individual investors are in blocks of ten. There is just something more satisfying or comforting about buying 10 shares over 8, or 200 over 187.
People that were simply priced out at the old valuation can now afford to buy AAPL. This cannot be underestimated. An entire new pool of buyers that will likely hold on to their shares longer term could bring a bit more sanity and stability to AAPL shares.
Well, actually, the chance is that it will become more volatile. When more small traders join in, sell and buy on rumors becomes more prevelant.
At the 7-1 split evaluation, AAPL would only need to reach a price of around $142 per share to be at the old $1,000 per share evaluation. I can see AAPL climbing to around $125 with just the iPhone 6 alone.
For the trillion dollar market cap it's a little higher:
1,000,000,000,000 market cap ÷ 861,380,000 shares = $1160.93 per share ÷ 7 (split) = $165.85 per share
When you look at the realtime trades for AAPL being executed, you'll see that all sorts of random share lots are being traded every minute. Of course round numbers like 50,100,200 are common to see, but you'll also see plenty of odd numbers too.
These are the last trades for AAPL made right now at around 3 PM -
I don't understand this. pazuzu is clearly a troll and does nothing but bash apple, derail threads, or post inane stuff. He contributes nothing. I don't get why 1) Slurpy is being warned for calling him out or 2) why pazuzu has not yet been banned.
There's a difference in bashing Apple, and bashing another poster. I don't like reading trolls either, and I've kicked a number off. But it's the way it's written. People have the right to their opinions.
If you post to me that something I said was idiotic, I might not be happy, but it's your right to think so. But if you post that I'm idiotic, that's not ok. That's a direct insult, and not allowed. And I'm pretty liberal about insults to my person.
Well, actually, the chance is that it will become more volatile. When more small traders join in, sell and buy on rumors becomes more prevelant.
Really? I have always believed that your typical small time investors are more long term types that will hold for years or even decades. The headaches with taxes and capital gains is but one reason. Also the type of people I am talking about are teachers, construction workers, small business owners, etc.. who are simply far too busy to actively monitor their Ameritrade accounts and buy and sell often. I could be wrong of course but I think individual, middle class type investors tend to invest more with an eye for retirement than short term.
When you look at the realtime trades for AAPL being executed, you'll see that all sorts of random share lots are being traded every minute. Of course round numbers like 50,100,200 are common to see, but you'll also see plenty of odd numbers too.
These are the last trades for AAPL made right now at around 3 PM -
Small odd lots aren't that uncommon at all... as you have shown.
... and the price is never any different for 10 shares or 1000 shares +.
OMG, so you really expect a 60% increase in stock price purely as a result of the split? That would be like APPL going to $1,000 or so. And I don't hear even the most optimistic analysts forecasting that! (Then again, the "analysts" aren't always very prescient.)
EDIT: Yeah, gwmac had the same idea and posted it moments before I did. He wins. :)
Small odd lots aren't that uncommon at all... as you have shown.
... and the price is never any different for 10 shares or 1000 shares +.
The price paid per trade depends on the trading platform of course, but you're right, I'm on scottrade and it makes no difference if I were to buy 1 share of AAPL or 100 shares of APPL, both trades would cost me $7 each.
Well, actually, the chance is that it will become more volatile. When more small traders join in, sell and buy on rumors becomes more prevelant.
Yes, but I'd argue that with Internet-based trades being so cheap and buying 1 share or 1,000 shares costs the same thing that this has already built into the system. So this split would be like adding electrons to an atom then worrying about the mass it's gained. It's definitely added mass but it's such a minute amount compared to the proton and neutron that it's practically inconsequential. IOW, I expect we'll see no changes in the stocks volatility.
Comments
For my sake, I hope you're both right. Open at $100, and zip right to $150.
Of course they will. We’ll see new posters being morons and new posters being trolls. Not many, but they’ll exist.
My broker just called me to let me know, and to also tell me that it won't be available for after hours trading Friday. He knows I know this, but he's calling all the Apple clients.
I haven't checked my emails to see if Scottrade is letting me know this on my account there.
People Who are influenced by the number of shares they hold should never buy any shares! What about warren buffets Berkshire shares. Are they at $100.000 now a piece?
I understand what you are saying but the stock market is as much about psychology as financial fundamentals. You cannot simply dismiss that. Panic sells often happen for no actual reason just from a false rumor and the same thing happens on false good rumors. If you look at stock orders, the vast majority from individual investors are in blocks of ten. There is just something more satisfying or comforting about buying 10 shares over 8, or 200 over 187.
People that were simply priced out at the old valuation can now afford to buy AAPL. This cannot be underestimated. An entire new pool of buyers that will likely hold on to their shares longer term could bring a bit more sanity and stability to AAPL shares.
Stocks are easier to buy in standard blocks such as 50 shares, 100 shares, etc. selling too.
When you look at the realtime trades for AAPL being executed, you'll see that all sorts of random share lots are being traded every minute. Of course round numbers like 50,100,200 are common to see, but you'll also see plenty of odd numbers too.
These are the last trades for AAPL made right now at around 3 PM -
At the 7-1 split evaluation, AAPL would only need to reach a price of around $142 per share to be at the old $1,000 per share evaluation. I can see AAPL climbing to around $125 with just the iPhone 6 alone.
I don't understand this. pazuzu is clearly a troll and does nothing but bash apple, derail threads, or post inane stuff. He contributes nothing. I don't get why 1) Slurpy is being warned for calling him out or 2) why pazuzu has not yet been banned.
For my sake, I hope you're both right. Open at $100, and zip right to $150.
OMG, so you really expect a 60% increase in stock price purely as a result of the split? That would be like APPL going to $1,000 or so. And I don't hear even the most optimistic analysts forecasting that! (Then again, the "analysts" aren't always very prescient.)
EDIT: Yeah, gwmac had the same idea and posted it moments before I did. He wins.
Well, actually, the chance is that it will become more volatile. When more small traders join in, sell and buy on rumors becomes more prevelant.
Monday would be the perfect time for the manipulators to start making their move.
Look how optimistic everybody is.
" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />
Either way, it'll be interesting to see what happens to the stock action post split.
For the trillion dollar market cap it's a little higher:
1,000,000,000,000 market cap ÷ 861,380,000 shares = $1160.93 per share ÷ 7 (split) = $165.85 per share
Yes, but for complex reasons, it's easier with even blocks, And a bit cheaper as well. I can't explain all of this, but it's well known.
There's a difference in bashing Apple, and bashing another poster. I don't like reading trolls either, and I've kicked a number off. But it's the way it's written. People have the right to their opinions.
If you post to me that something I said was idiotic, I might not be happy, but it's your right to think so. But if you post that I'm idiotic, that's not ok. That's a direct insult, and not allowed. And I'm pretty liberal about insults to my person.
Well, actually, the chance is that it will become more volatile. When more small traders join in, sell and buy on rumors becomes more prevelant.
Really? I have always believed that your typical small time investors are more long term types that will hold for years or even decades. The headaches with taxes and capital gains is but one reason. Also the type of people I am talking about are teachers, construction workers, small business owners, etc.. who are simply far too busy to actively monitor their Ameritrade accounts and buy and sell often. I could be wrong of course but I think individual, middle class type investors tend to invest more with an eye for retirement than short term.
When you look at the realtime trades for AAPL being executed, you'll see that all sorts of random share lots are being traded every minute. Of course round numbers like 50,100,200 are common to see, but you'll also see plenty of odd numbers too.
These are the last trades for AAPL made right now at around 3 PM -
Small odd lots aren't that uncommon at all... as you have shown.
... and the price is never any different for 10 shares or 1000 shares +.
Sheesh! Of course not!
But people buy lotto tickets, don't they?
Small odd lots aren't that uncommon at all... as you have shown.
... and the price is never any different for 10 shares or 1000 shares +.
The price paid per trade depends on the trading platform of course, but you're right, I'm on scottrade and it makes no difference if I were to buy 1 share of AAPL or 100 shares of APPL, both trades would cost me $7 each.
Yes, but I'd argue that with Internet-based trades being so cheap and buying 1 share or 1,000 shares costs the same thing that this has already built into the system. So this split would be like adding electrons to an atom then worrying about the mass it's gained. It's definitely added mass but it's such a minute amount compared to the proton and neutron that it's practically inconsequential. IOW, I expect we'll see no changes in the stocks volatility.
IOW, I expect we'll see no changes in the stocks volatility.
I'm not so sure about that. I've seen plenty of stocks that have acted strangely post split.