Applied Blockchain Inc (APLD)

[KingsKnight]

It'll Be Interesting.
Have seen too many R/S stories for my lifetime. The amount of times R/S are a recipe for success is limited. Anyone know any that an R/S occurred and the stock rose?????In my experience most R/S get shaved to 50%+ of debut [1st day] price.

I know only one & it really shouldn't count. TCRIF/ Score Media did a 1:10, for uplist then subsequently tanked 65% on NAS and then were bought out 6 months later by PENN at debut price.

Grouse Hunter Thursday, 01/27/22 11:19:35 PM
Re: KingsKnight post# 2009
You may be referring to the OTC world where a stock can get pumped to unrealistic prices. I agree you will lose that. I have no idea where this will go. Especially in this current market. Hoping this downdraft volume subsides as those who bought in the pennies unload and things stabilize.

KingsKnight Thursday, 01/27/22 11:08:23 PM
Re: Grouse Hunter post# 2008
Common Argument..
Yeah but let's be honest, do you EXPECT a $6 move?
This is where the flawed R/S thinking starts. THIS will NOT move $6.
Even at that S1 stated pricing of $22.50, a $6 move would be huge. I'm just not feeling it LOL.
Guess if the goal is to make money on a play, R/S tend to be a hinderance to it in some capacity.
Have any R/S worked is the other grand question LOL
Quote:
Grouse Hunter Thursday, 01/27/22 11:06:05 PM
Re: KingsKnight post# 2007
The only flaw to your thinking is you are looking at dollar moves not percentage moves. $1 pre split and a $6 move post split gives you the same gain as a percentage of your investment.