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Re: dopey621 post# 5381

Wednesday, 06/23/2010 2:08:09 PM

Wednesday, June 23, 2010 2:08:09 PM

Post# of 19507
Reverse split will cause more harm then good, in my opinion.

The last one I was in was ANX, a 25 to 1 reverse split earlier this year. After the reverse split, the price was over $6, which quickly fell to $1+. I took a HUGE loss on that one.

ANX was acting as it is was before the split as POSC is acting now. After the RS, the PPS fell and kept falling until it hit the $1.xx range. Not sure where it is today.