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Monday, October 19, 2009 4:31:34 PM
Happens all the time and that is WHY RS are hated.....because mostly they lose value very quickly after split and you cannot react with you shares because you are locked up.....
Especially 1:1000 ratip.....I have never seen a 1:1000 RS increase in value......
My personaly experience was an immediate -60% loss the first day of the RS, and, I could do nothing except scream at my computer and vent to my broker who calmly told me there was nothing I could do until they received the news shares from the TA.......
This is why RS are hated by everyone and extremely volatile.
I owe to smoking (cigars), more or less,
Through life the whole of my success;
With my cigar I'm sage and wise -
Without, I'm dull as cloudy skies !
Light up a stogie today !!
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