AMERITRADE HLD A (NASDAQ:AMTD) Message Board

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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)

AMTD 1.000

-2.0%

Jan 20 3:59 PM EST

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To: DAY TRADER who wrote (748)	1/26/1999 12:53:00 AM
From: Gil Gilbertson	Read Replies (1) of 1848

you have already witnessed the runup in anticipation of the split just look at the chart, it is on a wedge formation and hit the top of the range today. Look for a strong opening on tues, then a stall as distribution takes over. Splitting a stock this late in the market cycle is always a distribution tactic so the pros can get more stock out to more people at an inflated price. Look for weakness to develop soon as February will probably be a slow month and these flyers will take a hit....Ameritrade has new trading rules starting March 1 for any stock priced under ten bucks...That means if we have a mean market , many of these split stocks will get the axe as far as margin is concerned....Gil

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