by Anura Guruge
on April 12, 2024
Follow Anura Guruge on WordPress.com
I LOVE stock splits that give me MORE opportunity for option trading — my acknowledged addiction. When I heard of the 50-to-1 SPLIT I knew I had to buy some. With that split I only needed 2 shares to give me the necessary 100 shares for BIG BOY, ‘proper’ option trading.
Markets were down today. Chipotle was down just over 1%. 1% down is usually my threshold for buying a stock on the dip. I only needed 2. I bought 4, 2 for I … 2 for my 18 year old daughter (in her account). I might buy a few more prior to the split. Plenty of time.
As I have PROVED, contrary to what you might hear/read in the media there is NO ‘ex-‘ date for a split. Yes, you will hear folks talking of an ‘ex-‘ date & people will buy ahead of that. Then, the price drops AFTER that ‘ex-‘ date. I swoop in. SMILE. Pays to have my experience and savvy.
Chipotle is the ONLY NON-TECH I own! Ditto my daughter given that I do her investments. I LOVE TECH. I understand tech. I have done OK with tech.
My daughter of late has started eating at Chipotle. She is fussy as to what she eats and where she will eat. So, that was slight incentive. I like her to OWN shares in companies she uses, i.e., Amazon, Netflix, Google, Microsoft. Makes sense. SMILE.
