Friday, June 04, 2021 8:57:48 PM
I got in @ .53, 9,000 shares,and it seems like minutes later they announced the coming 1:20 r/s.
I sold pretty soon afterwards, before it sold down to @ .17, and never looked back.......but should have.
Started clawing back and it wasn't long before it was at $11.00. Which, split-adjusted, is where I was in/out.
Kept moving up, probably news, drug trial updates, whatever, then covid hit, and they were in the mix as far as one of a few companies that could develop a vaccine.
I would have had 450 post-split shares had I held as it climbed to $330, and you can do the math.
Makes me sick to think of what basically walked away from, being scared of a r/s.
There's no history of prior r/s here.....that's good .
Again, it's company-specific. Would I jump back into $AYTU after being burned there? NOOOOO? Hayellllll NO!
Would I stick with a sub-penny doing a 1:10,000 r/s? Lol. No. Have - painfully - been through some.
Have I been burned on r/s? Many times. Gotten smarter, though.
Look at the whole picture. We are not sub-penny, a major positive event for the company may be around the corner, and to paint with a broad, negative brush regarding r/s, could be the wrong thing.
Look at the whole picture.
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