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Re: Remember Tomorrow post# 252168

Saturday, 03/10/2018 12:18:02 AM

Saturday, March 10, 2018 12:18:02 AM

Post# of 290030
Agreed. There's a chance the SP won't drop after a R/S. In fact, another penny stock that I own recently R/S 1 for 100, and on the day of the split the SP actually went up over 33%. I have to admit, I was not expecting that. Of course 2 weeks after the split the price has since dropped 50%. But there was an opportunity where I could have cashed out at a nice profit, had I acted on that opportunity lol.

More often than not though, the SP of a company will pull back after a reverse split. So I'm just playing those odds ;)