Why can't GameStop split their stocks?
This is an example why I use SE about 10 times less than 5 years ago. I basically realized there are people who just talk and answer questions and for whatever reason, they just don't get it. That means a lot of answers that are out there are wrong or partly wrong and users have to decipher what is what.
I have people commenting on my understanding of exchanges and company listings when I might be one of a handful of people in the US that has expertise in exchange networks, rules, and trading. I have seen everything and written every rule imaginable for all US exchanges... especially NYSE.
So when a high rep member of the site comes on trying to diss my comments and discount them when I am the expert. Yea makes me laugh but signals the issue with SE. Most sites are a matter or gaining popular opinion, not having the right answer. Please tell me that I am wrong.
A better example is this meta question. Let's replay this in order.
User argues with me and has no idea what they are talking about but badgers me to provide links. I honestly could but for someone acting like that - absolutely not.
Another user hits me on the question and on this meta question. Provides this link - https://link.springer.com/article/10.1007/BF02920618 - to disprove my argument - let me get the quote right or I will be disparaged more...
"Stock will go up way higher than market average when announced. Stock will go up way higher than market average when implemented."
If you bother reading link it says higher rates of return until 11 months and then lower average after that.
Please comment on the ridiculous timeframe that the study was done in the link - we are discussing modern trading and the guy going off on me supplies a link from the mid 90s. What? What? Not one user calls him out.
He has the most upvoted answer on my meta. That's all I can say for this site. A guy that has a link in his comments that HE THINKS refutes my initial answer but actually is a source for my answer (a really really bad source) is the most upvoted meta answer.
I should accept it. His answer is EXACTLY why I wrote this.