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(CNBC)   Tesla Splits 5:1   (cnbc.com) divider line
    More: News, Stock market, stock split, Shares of Tesla, stock split changes, Tesla, Tesla's second quarter earnings, Stock, market trading  
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1534 clicks; posted to Business » on 12 Aug 2020 at 9:33 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



25 Comments     (+0 »)
 
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2020-08-12 9:40:06 AM  
You'll get yours, baby, I'll get mine.

Five to One (2018 Remaster)
Youtube jpDFll30XZU
 
2020-08-12 9:48:53 AM  
The people collecting the vigorish are the real winners here.
 
2020-08-12 9:55:41 AM  
This will be interesting.
 
2020-08-12 10:01:57 AM  
Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad
 
2020-08-12 10:12:57 AM  
I put a downpayment on some shares this morning!
 
2020-08-12 10:14:36 AM  

lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad


Word is Musk wanted to copy Apple but not in anticipation of anything bad, but to lift the share price/value (collectively).  After hitting 1700, it's been a slow slide down to 1300 - 1400 for a bit.
 
2020-08-12 10:29:32 AM  

lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad


A stock split doesn't have anything to do with bad omens. It's just makes it easier for small-time investors to buy shares. I'm sure all of the people who have turned to day trading has made companies think that now is a good time to do a split.
 
2020-08-12 10:39:41 AM  

thornhill: lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad

A stock split doesn't have anything to do with bad omens. It's just makes it easier for small-time investors to buy shares. I'm sure all of the people who have turned to day trading has made companies think that now is a good time to do a split.


As many articles have noted, while that used to be the case it isn't really a reason anymore. You literally can buy fractional shares off of trading platforms today. This means that even the lowest of the low pricers can get their Tesla shares even if it hits $10k a share.

The only reason to do it nowadays is to create more shares outright, diluting newer investor governance ability.
 
2020-08-12 10:45:47 AM  
I honestly didn't know if this headline was about a stock split or another bad autopilot crash.
 
2020-08-12 11:04:30 AM  
I tend to avoid investing in securities these days because historically, I make terrible choices and the stocks tend to drop immediately after I buy them. Even on the rare occasions when my choices are solid, I make poor decisions on when to sell--for example, in the late '90s, I invested about $5000 in Amazon stock and was pleased to double my money and sell out, but of course it I'd held onto it instead of selling, that stock I cashed out for about 10 grand would now be worth between $1 million and $2 million.

One of my few good decisions to date was buying some Tesla stock at about $45 per share and not selling it despite the frequent temptation to do so. Unfortunately I only bought 100 shares rather than 1000, but hey, now I'll at least own 500 shares!
 
2020-08-12 11:09:13 AM  

thornhill: lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad

A stock split doesn't have anything to do with bad omens. It's just makes it easier for small-time investors to buy shares. I'm sure all of the people who have turned to day trading has made companies think that now is a good time to do a split.


It seems like this is less common now that you can buy fractional shares on Robin Hood.
 
2020-08-12 11:26:44 AM  
I mean not like impossible, but still a show of mostly likely a sham.

not 20 years old
produces far less product than other companies of the same market
Somehow manages ot be considered more valuable than Toyota, a well establish time tested company that does far more annual volume of business.


nothing tghat i have seen in the last 20 years is anything but

"I know the 10 hard way IS going to come up on these DICE, we all know it, it is a winning bet here you can't miss."

That's not investing, that's just unregulated gambling, all the value is imagined not real, nothing more than the speculative hope and good PR of there will be a pile of money one day.

You know after you buy enough of this stock that i have a pile of your money.
 
2020-08-12 11:40:20 AM  

Rapmaster2000: thornhill: lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad

A stock split doesn't have anything to do with bad omens. It's just makes it easier for small-time investors to buy shares. I'm sure all of the people who have turned to day trading has made companies think that now is a good time to do a split.

It seems like this is less common now that you can buy fractional shares on Robin Hood.


I don't want to own a fraction of a share.  If I buy a stock, I want whole shares.

I get this is mostly psychological.  But this is the reason I won't buy Amazon, Berkshire (A Shares) or for that matter, BItcoin (I own other crypto that more or less mirror BTC).  And I think plenty of other investors feel the same way..
 
2020-08-12 11:42:18 AM  
Why do we keep giving this attention whore attention?
 
2020-08-12 11:50:36 AM  

thornhill: lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad

A stock split doesn't have anything to do with bad omens. It's just makes it easier for small-time investors to buy shares. I'm sure all of the people who have turned to day trading has made companies think that now is a good time to do a split.


yea, splits are a good omen no? especially if you already own stock. If your company wants to do a reverse split you run for the hills
 
2020-08-12 12:05:34 PM  

lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad


I worked for Lowe's summers during college and after graduation for a few years until I got hired for a job that somewhat utilizes my degree.  They were pretty good with 401k matching and whatnot so a few months after leaving I got a letter from E-Trade saying that I was now the owner of an IRA since Lowe's was no longer my employer. I took the money and bought 10 Apple shares, because why not?  When it split (7x) I was pretty damn jazzed. If it splits 4x that'll be pretty nice.

I think that account has grown about $27,000 in 10 years.
 
2020-08-12 12:47:24 PM  

Doem: thornhill: lifeslammer: Apple plans a 4 to 1 in the near future too. I honestly feel they think something bad will happen soon down the road and dont want things to hurt them too bad

A stock split doesn't have anything to do with bad omens. It's just makes it easier for small-time investors to buy shares. I'm sure all of the people who have turned to day trading has made companies think that now is a good time to do a split.

yea, splits are a good omen no? especially if you already own stock. If your company wants to do a reverse split you run for the hills


If you knew you stock price was going to fall slowly for the foreseeable future to the tune of 20-30%, would you like that to happen when its priced at 1,500 per share or at 300 per share?

While apple makes sense to do a split because they actually have product, value, etc behind a very old company who has a strong profit record, tesla is the most volatile tech stock around with little profit history, long production problems, and a bunch of things they gave away for free because the person in charge is a moron who has no business sense. They actual product side of tesla has been virtually unchanged in the last year, yet the stock has gained 1300 bucks for literally no reason
 
2020-08-12 12:58:49 PM  
i.imgur.comView Full Size
 
2020-08-12 2:39:02 PM  
Fark user imageView Full Size


I'm sure it will all work out just fine.
 
2020-08-12 3:20:40 PM  
Think Tesla is a scam?  Well, that's gotta be easy money then. Go ahead and short the stock.

I'm sure it'll turn out fine.
 
2020-08-12 3:26:04 PM  
One of the weirder things about stock splits, the stock will go up a lot after the split.

Bought Apple just before their last split. Chickened out when it hit a market cap of a trillion.  Only got a triple there.  I can live with that kind of mistake.
 
2020-08-12 4:20:35 PM  

natazha: One of the weirder things about stock splits, the stock will go up a lot after the split.

Bought Apple just before their last split. Chickened out when it hit a market cap of a trillion.  Only got a triple there.  I can live with that kind of mistake.


Not really that weird weird. The split makes the stock more affordable to smaller investors, especially those who are dollar cost averaging and making a small purchases on payday.
 
2020-08-12 4:32:36 PM  

Mad_Radhu: natazha: One of the weirder things about stock splits, the stock will go up a lot after the split.

Bought Apple just before their last split. Chickened out when it hit a market cap of a trillion.  Only got a triple there.  I can live with that kind of mistake.

Not really that weird weird. The split makes the stock more affordable to smaller investors, especially those who are dollar cost averaging and making a small purchases on payday.


If you think smaller investors making payday purchases move the AAPL stock price needle even .01 percent I  have some great penny stock recommendations for you.
 
2020-08-12 4:54:20 PM  

Cyberluddite: One of my few good decisions to date was buying some Tesla stock at about $45 per share and not selling it despite the frequent temptation to do so. Unfortunately I only bought 100 shares rather than 1000, but hey, now I'll at least own 500 shares!


I bought at the IPO but only 10 shares because I was broke. I also resisted the temptation to sell, and look forward to suddenly owning 50 shares. I might even buy another 10 once they split (not broke anymore, but holding on to savings because 2020). I often cite my Tesla shares as the only good financial decision I've ever made. Everything else seems to turn to ash as soon as I buy :(
 
2020-08-13 12:13:43 AM  

JohnBigBootay: [Fark user image 530x425]

I'm sure it will all work out just fine.


Hey, that is a number now.

They don't normally have earnings.
 
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