Consolidations dont make it more expensive to trade at all....

Consolidations dont make it more expensive to trade at all. Someone trading X shares for $Y can trade X/10 shares at $10Y and it likely has the exact same cost to trade. The only objective difference is the size of a tick relative to the share price. The change will make it easier to set prices with smaller spreads percentage wise which likely means more liquidity. I dont think thats bad for short term traders, they may make less of a spread but they can make it up in volume as there are literally more price points the share price can hit for a given percentage volatility. If the share price is headed up or down this should make it easier to go in that direction also which will be seen as bullish or bearish depending on whether you are already bullish or bearish. On the whole I do think its marginally bullish overall because liquid assets are more attractive but not so much that it would change the course of the stock price in the long run.