DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (3608)	9/5/1999 8:22:00 AM
From: marketbrief.com	Read Replies (2) of 18137

hi alan, in my limited experience I've noticed that post-split, stocks zoom thru levels which were formerly major resistance... the only explanation i can come up with is that the bagholders are still thinking 1 @ 100 when they are holding 2 @ 50, so there's no desire to sell 50 even though they may want out at breakeven... it's a mystery. fwiw I can't remember to save my life what we paid for yhoo a few years ago, or egrp for that matter... guess i'll have to figure it out in 2040 when i sell... if they hadn't split I wonder what the heck I'd think of current "prices"... i believe ebay is around $750 a share now, didn't it split twice @ 3 for 1? ;-) ~Smart$

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