Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: cyberman who wrote (5614)	3/11/1999 10:05:00 AM
From: Scarecrow	Read Replies (2) \| Respond to of 19700

I think a 3-1 would be great, but I don't really understand the notion that you need a lower price to attract retail investors. With online trading that goes around brokers, you don't need to buy in lots of 100 shares. So if the retail investor only has $2,000 to invest, he buys 10 shares. What's the big deal? Yeah, there certainly is a psychological factor to a lower price or owning twice as many shares for the same amount of money, but the real purpose of the split should be to create greater liquidity to attract institutional investors that are scared of the volatility of CMGI's relatively low float and to reduce the influence of daytraders on that volatility... IMHO