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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: J Stone who wrote (1714)	12/24/1999 4:00:00 PM
From: Bosco	Read Replies (1) \| Respond to of 2702

Hi J - you miss my point. As I ve alluded previously, being too much of a value investor, I am not the type who would chase stock split, since valuation remains the same. So, it is not the price increase I am thinking of - I must confess though I don't mind that happens <g>. Rather, it is a matter of retail participation. The logic is no difference from day traders actually provide some liquidity to the market. Otherwise, the retail customers are at the mercy of the institutions [I am not a precise person, so I include everyone who is not a retail customer in this category.] Supply and demand really remains the same. That is the misnomer of those stock split chaser. By splitting the stock, it doesn't necessarily make it worths more. However, it does allow those people who have a range of price to participate. Go look at some fund complexes, there are a few with a fund name like "Low Price Stock." [cf Fidelity Investments.] Analogously, a lot of institutions don't look at stocks below $5. One would say, "this is stupid, since one should go by analysis [fundamental or technical.] However, sometimes arbitrary rules make a world of a difference. Since I am an investor [not trader - not b/c I don't want to, but I am rather clumsy <g>,] so I ve no qualm with your investment philosophy; but it takes many kinds to make up the universe. Just b/c we are investors doesn't mean others looking for hit and run are not succesful. Of course, VARL is still cheap, so the following example may be sort of fallacious, but how many people balk at investing in Berkshire Hathaway [even for the B share] b/c it is so dog gone expensive. Just my 2c best, B