Tuesday, May 24, 2022 9:11:51 AM
My best investment of all time was DDRX (Diedrich Coffee) less than 20 years ago. They did a reverse split to stay on the Nasdaq. It took a lot of patience. Not a day. Not a month. Not a year. And it was a lot more than $600 that I made. I got caught up in a bidding war and went to the moon. It was like the Noah story as people mocked the revere split curse. Which for a while, they had so-called "evidence" they gloated over as "proof" they were right all along. Pseudo science is what they had.
Most reverse splits are done to stay on an exchange. Some do it to get line with their peers like GE did and were in no danger of falling off the exchange. This one is doing it to up list and has great fundamentals. Comes with a cash infusion on an already strong balance sheet too. Most are a good predictor of a stock that has bad fundamentals. That's not the case here.
The reverse split curse is just another form of "tech analysis" which is junk science. That's what astrology is to cosmology. Predicting "outcomes" can be done with a coin too. When it's correct, that is still not evidence. It's bad science. Science above all else implies falsifiability. And DDRX and others have already falsified your curse, which is as prevalent as the belief that a dead man once rose from the dead.
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