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S&P 500
5,718.57
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0.28%
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US TECH 100
19,297.60
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420man

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420man

Re: Timing101 post# 307

Sunday, 08/23/2020 2:17:01 PM

Sunday, August 23, 2020 2:17:01 PM

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After restructuring, the company usually issues new stock, making the pre-reorganization stock worthless. In some cases, holders of the old stock are allowed to exchange their securities for a discounted amount of the new stock, which is dictated by the plan of reorganization.

No one knows what will unfold, but you now have less shorts to cover and flippers likely taking profits.. I say it pops and drops..or drops to .12's and then moves up slowly over the week. JMO & GL

The stock market is an predator / prey scenario where the Companies and their lenders are the predators and retail IS the prey. Play wisely!


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