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bbgold

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Re: denmo83 post# 15296

Friday, 03/09/2012 12:05:55 PM

Friday, March 09, 2012 12:05:55 PM

Post# of 34760
UVXY stock split 6:1
The quotes had me shaking my head for a bit until I read the news.
Looks as though the Market Makers were not making enough with a .01 spread? Now the spread is near .08 at times?

http://finance.yahoo.com/news/ProShares-To-Reverse-Split-indexuniverse-1982672197.html?x=0
"Even though UVXY often trades with a bid/ask spread of just 1 cent, that penny becomes a more conspicuous trading cost the cheaper the ETF becomes. The 1-for-6 reverse split, effective March 8 for shareholders of record as of the close on March 7, will pump up the share price about six times and cut the number of outstanding shares by about the same amount."

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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