Daily Post #2: 10.4, Good Buddy! Sitting Back and Watching (DDD, CNI), Splits Discussion

Well, today's the day and my shares of CNI are in and ready for a split. Turns out I was able to purchase an extra fifth of a share, which will turn into 2/5ths down the road (hence the 10.4 in the title). Having grown up in the 80s, I'm always grateful for the extra bits of bean-counting that have been brought online.  Getting fractional shares during splits never used to happen for me.

Afternoon Action 

I'm already feeling a pang from DDD's relatively small jump today of 1.28/share as of this writing -- now I'm making 4.5 times that instead of 9 times since I traded half my shares toward CNI.  Speaking of pangs, seeing Voxeljet's insane recent price boost reminds me of my brother's laments about seeing BitCoins escalate daily. The stock was around $28 when I first noticed it, and it's zooming around $60 today. CNI is pretty much unchanged, but it's locked in and I'll be happy to see the split happen November 29th.

My fond nickname for NCT and NRZ used to be "Dumb & Dumber", because no matter how the stocks would flail about they'd almost always total $13 (in fact as of this moment they are at $13.01).  Nothing against them -- they're still constant with the dividends regardless of stock price. Lately another similarly nicknamed pairing is LQMT and FLST, which do act independently of each other but haven't done that much yet.  Patience.

I see Zynga's up past $4, ALU continues to crawl up to new highs, SIRI is coming close to where I sold it at $3.97 (ha).   Apple's on the sunny side of $500 again, Google's a third of the way to $1100.  Some regret for not having held OMI that long -- up to $37 from $28, along with dividends.  Yelp edging up again, Pandora a mind-blowing $31.70, up from $9 recently and supposedly giving iTunes Radio a serious run for its money.  WAVX, my friend Andrew's sentimental favorite, treading water at $1.19 -- PCs won't ever have the market share they did -- and perennial nickel-generating stock AWP up .13 to $7.26.  That's over 2 months of dividends worth of difference.  Jack Henry (JKHY) is up $6 since recent discovery of it and dividends were disbursed yesterday.  Groupon (GRPN) is edging back from disastrous management, WWE is climbing to the top rope at $13.32 a share, 5 cents down from a 52-week high.  Skilled Healthcare (SKH) back up from a wobble in the low 4s to $4.94.  Twitter's still in nesting phase in the low 40s, and looking back at TSLA is showing a stalled valuation as scrutiny mounts.  3D printing darling SSYS is continuing its upward trend with +$1.28 for a total valuation of $125.13/share.

Splitsville?

A great banana split.  Courtesy of Cyclonebill from Wikimedia Commons.

 

Those who haven't taken advantage of splits may be wondering why owning an extra share of something is worth it.

There's some controversy about it, for sure.

This view is neutral at best:

http://www.investopedia.com/articles/01/072501.asp

While this one is more in line with my attitudes:

http://www.rightline.net/stocksplits/stock-splits-work.html

That's about it for today.  Thanks for reading and stay tuned to see how CNI vs. DDD works out!


Disclaimer: I do not advocate buying (or not buying) any of the above stocks; please buy at your own discretion.

If my advice helps you make money down the road, I'm gladly accepting tips.

Even $1 will help me grow my portfolio.  Comments are very welcome too!  Thanks for reading!