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Re: SurgeGuy2.0 post# 11066

Tuesday, 10/04/2016 5:10:17 PM

Tuesday, October 04, 2016 5:10:17 PM

Post# of 14990
Doubtful, as yesterday's BID dropped from 0.0015 to 0.0013 while the ASK was dropped to 0.0018 from 0.0021 and gott some poor dude to hitt dat bag. A whole $580 in total trading yesterday.

And down today lower than the prior low! In fact, DCLT closed today at 0.001461 - BELOW THE LOW BID yesterday!

Yesterday, sunbuddy prolly had an old limit buy GTC order ~OUTT from many months ago and forgot to cancel it. When the ASK dropped to 0.0018 it gott hitt.

Prolly doesn't even know that a crushing 1 for 30 reverse split is coming.

As an EXAMPLE of the effect of REVERSE SPLITS on PPS, let's looks at how the 1 for 25.1 reverse split on NTEK work ~OUTT? A 70 PERCENT LOSS within 60 days of the RS.

That's how RS's in pennyland work - they lead to two things: brutal 50-80 percent prompt losses, then continual losses until the NEXT reverse split.


The dropping BID and ASK here tell the story.