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Re: antihama post# 693322

Thursday, 05/23/2024 7:04:07 AM

Thursday, May 23, 2024 7:04:07 AM

Post# of 704382

but here are 2 examples where the SP didn't crater. So previously I was against reverse stock splits and now I'm not for or against


So for these two stocks at this moment with their similar 1 for 20 stock splits the holders of the stock before the split have huge losses

Why look at the price before

Because many long term share holders bought before and now have 20X less shares and IMO the rocky ride for these two stocks is just about to begin.... Often the MM's hold up the price and even run it up a little after the split to give a new look... then a drop catches a whole new series of stops and wipes out the little gains and hurst the before the split holders even more.

There are a few successful reverse splits to be sure. But one for 20 spits are extremely hard on the previous holders... I can take a picture from a small time frame and make any stock look good.
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