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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: pyslent who wrote (170722)6/10/2014 11:05:33 AM
From: Doren1 Recommendation

Recommended By
Zen Dollar Round

  Read Replies (2) of 213176
 
Yes. Like I said they wouldn't go to the bother to split unless their math told them that it would make money.

There is a portion of the population like the pizza guy on the phone who just don't get math.

"How big is it?" "Eight pieces."

I used to live in South Lake Tahoe. Its amazing how many broke people told me they "win" all the time in the casinos. Who do they think built the casinos.

Some people, a significant portion of the population, have conceptual difficulties with things like P/Es, fractional ratios etc. They won't buy a stock with a large price all that other math stuff doesn't mean anything to them.

Hence when the price comes down they think its cheaper.
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