Chc Group Ltd fka HELI

[THREE-DAY-TRADER]

Reverse Split approved today is not good news for anyone in this now.
http://biz.yahoo.com/e/151201/heli8-k.html

Usually this is a short term negative on the price as a customary outcome statistically thru a pending rev split.
I'd wait until after the rev split is finalized to seek a good pull back etc. for entry... As I certainly would not hold this thru the rev split. Too risky here at this phase.


I'd wait yet to be long here, or better yet, look for plenty of other alternatives to trade.

There will be a low share float after the split, but I personally would not hold thru it during this pending split phase.