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Re: docoroc2 post# 5406

Tuesday, 03/08/2011 3:44:40 PM

Tuesday, March 08, 2011 3:44:40 PM

Post# of 8575
Sometimes a reverse can work

Vitesse Semi, after a couple of years of getting their books in order, did a 1:20 RS last July as part of their effort to get relisted on the NASDAQ.

The stock remained above the $5 RS price for a month, until a bad Q2 report drove the stock to sub-$3 (I did some buying then). Subsequent reports showed improving results, and the stock rose to about $5 by Feb 28, the day they announced they would relist with the NASDAQ on March 2.

VTSS is trading at $5.44 today.

If you get your problems fixed before implementing a reverse, it doesn't necessarily hurt the stock, and it allows it to trade more efficiently.





Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y