There are a couple of high-flying stocks which have been rocketing higher lately, largely because of looming stock splits. Indeed, they both split on the same day, August 31st. One of them is Apple………
And, even more extreme, Tesla:
I’m not sure what logic people are applying, thinking that the splitting of a stock means it’ll just keep going higher in perpetuity. I don’t think Tesla has split before, but Apple has a few times. Allow me to share a couple of examples of former Apple stock splits. I have marked them with a circled “S”, such as here:
……….and this one………….
My point is that I think these people are being utterly goofy. The split guarantees zilch.
