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Thursday, December 28, 2017 7:29:53 PM
The moment an RS is announced via 8K, virtually all shareholders, especially the whales, will immediately sell. With billions being sold all at once, the price will tank enormously. Ihubbers will be lucky to even be able to sell. Then, after the split, more selling goes on. During the split, for 2-3 days, you won't be able to sell - your shares will be locked by your brokerage, until all 8B shares are recalled, and replaced with new shares. Yes, they actually do that.
That is called 'being up the creek without a paddle'. Why do you think I sold all 44M of my shares while it was above $.0052? I have seen what happens before. Consider if your portfolio dropped 95% in just a few days. I have seen that, just in 2017 alone.
So, wait and see - that is certainly a strategy. On the other hand, selling, getting your money in hand, and THEN waiting and seeing is another strategy, one that may prove to be far less costly. The MOST you could lose is if the stock value increased sharply, but there is little likelihood of that.
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