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Re: NoMoDo post# 107741

Thursday, 02/10/2022 10:59:24 AM

Thursday, February 10, 2022 10:59:24 AM

Post# of 122460
Yes, reverse splits don't affect much. Usually reverse splits happen because the stock price went south for other reasons. While investors see the correlation between reverse splits and poor performance, they seem to subconsciously blame the reverse splits as bad omens.

But yes, regarding Sharp and the reverse split. He also said that short sellers had been forced to cover with the reverse split. I had just gone short not too long before the reverse split and my short position wasn't inexplicably closed out, so I knew Sharp was a liar, as did anyone else who was short. Sharp is a smart man so it's not like he was merely misinformed. He knew he was lying when he said that.
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