Did you also notice on split set day or one day before set day, most stocks climbed up?
BTW, I'm not 100% agree with some of people saying split is for making the stock price cheaper and more people can afford it. I believe the shareholders are greedy. They saw a lot of stocks after split, the stock price climb up to the price right before they declared the stock split. Look at Bill Gates, Kim Edward, USRX, etc...
Because of spliting/splited stocks have this climb up characteristic, whenever company announced split, people started to buy it. After a few days, they will do the correction. This is why you see stock climb up when it declares split. But remember this, all the stocks will keep going up after correction. I havn't seen one stock they declared above 2-for-1 split (i.e. 2-1, 3-1, 4-1, 5-1), the stock price going down.
Same to IOMG. I don't believe there are any reasons to hold it around 70. We spent almost two weeks to correct IOMG and find its rocky base 66. Now, it is time for IOMG to fly.
See you Monday people. Let's find next base for it. |
