Buying stocks solely on the basis that they could split stock?


It's a well known secert that when a stock announces that they'll be stock spliting or when the stock actually splits, that stock in question usually rises. Is it a sound idea to buy a stock solely on this basis?

Ones like COST, LLY, REGN, MILI all look like they could split stock in the next year or so, is this an almost guaranteed return that they could announce stock splits and thus increase?


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