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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (27455)4/16/1998 4:00:00 PM
From: Sam Citron  Read Replies (3) of 132070
 
MB,

Wondered if you had any opinion as to why stocks involved in splits have suddenly become so fashionable. I mean, it's not like they are joining the S&P500! The only plausible explanation I can think of is that smaller investors may have become more active trading for their own accounts, since other investors have traditionally been less concerned about mere price. It hurts their pride to hold an odd lot, so they wait for the split. I'm enjoying the ride (now AMR) but this split thing is irrational. How long can it last?

SC
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