The vote for a split, or increase of common shares from 1 bill. to 2 bill. is scheduled for the shareholder meeting on May 18, 1998. Before that date we'll just have to rely on earnings to boost the stock. OR RUMOR!
But even more than people buying once it does split, there will probably be a ton of people that buy in anticipation of the split. Which of course serves to run up the price before the split ever even happens. Splits tend to attract a lot of attention--everyone thinks "I want to make sure I get in on this good deal."
I'm just noticing that ALL is trying really hard to crawl out of its 1 1/4 point drop of this morning, perhaps even close up a bit. I hope it can sustain this upwards movement through the afternoon and carry it into the rest of the week.