Mike Smith
Active Member
Thinking about the psychological impact of the stock split. Pre-split an SP of $5,000 seems very large and probably several years away. Post-split SP of $1,000 seems more reachable in a shorter timeframe. The new climb from $300 to $1,000 will be interesting and very lucrative for the longs.
And remember this is only part one of the event. The part where the Robinhooders can buy their cheap shares doesn't come until the end of the month.