I don't blame anyone for questioning a reverse split. I don't care for it myself. I'm saving some dry powder in case Aclor takes a dip. That was a powerful PR for a sub penny stock. It was exactly what I expected. If we get a PR about Walmart and Walgreens, watch out.
Here are a few stocks which successfully recovered from reverse splits:
Stock
Date of Reverse Split
Return Since Reverse Split
Palm (Nasdaq: PALM)
Oct. 15, 2002 (1-for-20)
633%
priceline.com (Nasdaq: PCLN)
June 16, 2003 (1-for-6)
347%
Laboratory Corporation of America (NYSE: LH)
May 4, 2000 (1-for-10)
330%
Corrections Corporation of America
May 18, 2001 (1-for-10)
483%
Brightpoint
June 27, 2002 (1-for-7)
1,788%
