RespireRx Pharmaceuticals Inc (fka RSPI)

[scstocks]

Thanks justsotb,

I had forgotten the r/s date as I hadn't traded cor for a while back then. I was on the road a lot in '95. I actually thought it might have been a little later in the 90's, so my mind is not as sharp as it once was! (for sure)

Humm, If a stock has a regular 2 for 1 split, then the price is reflected accurately on the next days chart, opening at half the previous days close, because the shares out are twice as many. The chart before that time remains unchanged, or so I think. So in my mind it makes sense that cortex's chart should be reporting exact prices pre-split, be it forward, or reverse. Obviously I am not a chartist, but I do enjoy looking at them, mostly just price and volume of recent days/weeks. I used to manually scan a couple thousand a night with livewire professional software that only worked with the DOS operating system. Made some decent money back then just looking for a spike in volume and often higher prices would follow. (sort of caveman t/a i suppose.)

Not positive, but don't think cortex traded near 4.20 in '92, and I know there was a company trading under "cor" around that time because I used to see it all the time in the paper, while looking for a cortex quote. It was "cor," then "corx" in the paper every day. I think that msn may have just picked up the old cor prices, that were not cortex. I traded corx many times pre 1992 around .36, and the msn chart does not come close.

http://moneycentral.msn.com/investor/charts/chartdl.aspx?D4=1&ViewType=0&DateRangeForm=1&ComparisonsForm=1&D5=0&ShowChtBt=Refresh+Chart&D3=0&CE=0&Symbol=COR&C9=0&DisplayForm=1&CP=0&PT=11

That being said, I did find some old broker statements from '92, but they were from centocor leaps, cifra, (a mexican retailer that was going in with walmart at that time,) and a company called biomedical waste systems. No cortex receipts so I am not sure about my .50 price, but that sticks in my head.

Mostly I was wondering if others have had experiences where they were pretty sure the data from a chart they were looking at was not correct. I think a lot of us just assume that the data we get is accurate. I am thinking of a "new" investor that might see that cortex "once" traded near 21, so hope springs eternal, and dives in, based on false info. (as bad as that sounds, I have done it in my day, jumped in a stock because it had previously hit a much higher number.)

Anyway, I surprise myself how often I am wrong, so if someone can help with the way a reverse split stock chart shows prices before the split took place, please either reinforce what justsotb wrote, or offer up another explanation.

Thanks again.