Archie's Corner

[Scrooge McDuck]

re: GRIN
Normally, when a stock does a reverse split, post-split trading will push the price back to the original pre-split price.
At least this is what I have seen in the Pennies, time after time.
In this case, when GRIN did the 1:4 R/S, the share price was one dollar.
Then, right after the split, the Harry Potter/Lord of the Rings hype began, which attracted buyers.
Now, there appears to be profit taking.
For the last two or three days, the price has dropped steadly and it looks like it may continue until it gets back under $2.00.
Of course, this all depends on news.
Since both Lord and Potter are serials, so to speak, I will be watching for another price jump on any announcements related to them....
Meanwhile, it's time to watch for a good entry point.