More on Stock Splits

STOCK SPLITS
One of the things I've written on extensively is what I call "The Forklift." I used to call it "compelling reasons." Either one works. Here's how it works. You are working in a warehouse. A big, heavy box needs to be moved clear across the warehouse. You need a forklift to do so. You look around and see and do not see a forklift. The box is not going to be moved until you find one.
In the market, you have a stock that needs to move, we'll assume up. You look around and ask, "Where's the Forklift?" What is it that will move the stock from $92 to $120? (Like the LULU trade) What "impending event"---stock split, earnings, dividend, expansion, end of lawsuit, new management, merger, acquisition, etc.---is going to move the stock. Just hoping it will move is not enough. It needs a real event, real news to make it go.
Then and only then should you get involved. Oh, and usually the event should happen in a few days. You don't want the box sitting too long on the warehouse floor.
Again, keep your eyes on LULU. There are a host of things to learn.