posted
yes, the stock price adjusts for the split. maket forces will determine exactly where it will open though.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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posted
in reality a split means nothing for the company. its like getting change for your dollar. instead of having 1 dollar you now have 4 quarters (that would be a 4-1 split). not sure what you mean by are they profitable. during the dotcom boom, stocks would run huge on split news. for short term traders that it created good volatility but we all know how that ended up. companies announce splits, they don't just happen.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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