Tuesday, August 18, 2009 1:08:38 PM
April Fools!
Date: Thursday, April 16, 2009 11:54:37 AM
ATTENTION NEW TRADERS:
many times i see people asking if a reverse split (R/S) is a bad thing. let me give you an example of what usually happens with triple zero stocks. recently, hall of fame beverages did a 1-100 reverse split. i had bought 1000000 shares @ .0005- a $500 investment several months ago. i sold my position @ .0004 ($400)when the R/S was announced-i lost $100. if i would have held my position, after the reverse split i would have 10000 shares. those 10000 shares would now be worth $70, since HFBG is now trading at .007. after the R/S, many penny stock CEO's add shares to the float, diluting the stock, and therefore the value of the stock decreases.
Date: Thursday, April 16, 2009 11:54:37 AM
ATTENTION NEW TRADERS:
many times i see people asking if a reverse split (R/S) is a bad thing. let me give you an example of what usually happens with triple zero stocks. recently, hall of fame beverages did a 1-100 reverse split. i had bought 1000000 shares @ .0005- a $500 investment several months ago. i sold my position @ .0004 ($400)when the R/S was announced-i lost $100. if i would have held my position, after the reverse split i would have 10000 shares. those 10000 shares would now be worth $70, since HFBG is now trading at .007. after the R/S, many penny stock CEO's add shares to the float, diluting the stock, and therefore the value of the stock decreases.
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