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Tuesday, March 30, 2010 12:36:42 AM
Hold current shares through the forward split, then sell current shares tuesday, the day after the record date for the forward split.
If the price shoots up going into and on monday, do you think it will stay reasonably high tuesday?
The new split shares won't arrive in our accounts for a week or so right? But I can still sell my current shares tuesday if I want?
I hope to basically get back my initial investment and some profit, and then let the free split shares ride.
Do you think I will be able to do this? Say the price pops to .015 by monday, do you think it will at least have some time above .01 on tuesday in order to sell the current shares?
A lot of questions I know, but what do you make of this strategy?
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