26
Feb
10

Stock Split Doesn’t Sound Like It’s A Good Thing

I’m not too keen on market things, but I haven’t seen something like this happen since the late 90’s, plus it happened during the HC Summit distraction:

http://www.zerohedge.com/article/apple-stock-split-rumor-adds-over-100-billion-capitalization-market-matter-minutes

To all who trade this manipulated lunacy, you have our sympathies. A 1% market move equates to well over $100 billion in market capitalization. And this value just materialized because Apple stock will (allegedly) be $50/share instead of $200, so the quadrillions in cash on the sidelines can buy buy 4 shares where before they could buy one. Just brilliant. Goldman/JPM/33 Liberty just raped everybody for lunch. And to complete the lunacy, this just made top Bloomberg news. The absurdity is just surreal. In other news, the Greek revolution will be televized in 1 minute YouTube 360×240 mp4 clips via iPhone.

Feb. 25 (Bloomberg) — U.S. stocks pared losses, rebounding from the biggest drop in three weeks, as the Dollar Index reversed its advance and Apple Inc. shares jumped.

The Standard & Poor’s 500 Index retreated 0.6 percent to 1,098.49 at 2:03 p.m. in New York after slumping as much as 1.7 percent. Apple pared its drop to 0.2 percent.

Last Updated: February 25, 2010 14:05 EST

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1 Response to “Stock Split Doesn’t Sound Like It’s A Good Thing”


  1. 1 mijadedios
    April 20, 2010 at 4:51 pm

    I like that line, “In other news, the Greek revolution will be televised in 1 minute Youtube 360×240 mp4 clips via iPhone.” AIN’T THAT THE TRUTH RUTH! So I’m not the only one that sees the overall media black out on any and all substantial news worthy news. It’s not just the US MSM either. Keep in mind Media Mafioso Murdoch owns Sky News and much of UK news outlets as well. It’s a wonder we know anything that’s going on. Oh, wait, I feel a Czar coming to keep track of all of us on the Internet! This Socialist Green Pagan Utopia is so oppressive! So splitting the stock allows the company or ‘entity’ to diversify their debt, open up and get investors to help ‘bail’ them out right? That’s the way I always took it. I do know that Soros and Obama are prepping the public for another crash but as always no one is listening, they’re to busy idolizing the Obamaman


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