I was thinking the same thoughts. I feel we will have record earnings, GS will ramp up and there will be a 2 for 0ne split announcement.
The record earning and the split will cause a lot of excitement and GS will be well on the way to 300!
Splits are no good....every time I've seen a stock split.....investors take profits and cause a chain reaction selloff. Then the stock flounders for months and months with more selling.
I was in Hansen when it was at $220.00 a share...then the stupid management split the stock 4-1 and totally destroyed the stock. HANS is at $39.00 now...snakebitten and dead in the water.
Please GS....don't split.
There has been no shortage of volatility in GS stock, even at these prices and avoiding retail is not a particularly good idea.
If the stock splits three for one, it will become an eighty dollar stock that will bring in a boatload of retail investors. They want to own GS but can't do it at 200+ a share and own enough shares to make it a worthwhile investment. The 80 price will go to 100 almost immediately. That is a pre-split equivalent of 300 a share.
That price won't bother the institutional holders or the former partners of GS one little bit, and it won't bother us individual shareholders either.
I don't know if it will happen tommorrow, but a split for GS is inevitable.
YEah god, tooth fairy and santa claus are real, wmds in Iraqnam too .Look there are 408 million shares outstanding. THE stock at these levels makes it harder to short. Thats why you have put buyers screaming they arent hurting GS too much by selling puts but to short it takes more capital. This stock will roll into 300 not split why hasnt google split or berkshire. IF it does 5.80 or better it goes to the high 230s if not it will fall back a bit.THis could be blow out quarter