Scottrade is showing less than 7.7, Shares Outstanding 7.2M. I agree to me that's key supply and demand. Less supply and with demand (?) one thing for sure they want this stock out of subvill
"7.7 million shares, WOW, I remember when they would sell that many in a New York minute. Share structure can mean all the difference in the world, If they only have 7.7 mill, well we all know econ 101, the laws of supply and demand"
I don't think this will be a bad split.
I bought a stock @.50 it finally hit 2.50 the next day R/S couple days later the price was at $17.50 not paying attention to the momentum, supply and demand see I was to pissed off about the R/V and missed the big picture.
I was so happy I got out at 17.00 profit of 50.00 I was singing all day boy glad I got out. The stock pullback to 14+ I was really happy. Two weeks later the stock was trading $50+ well you know I changed that song hahaaaa.
Lesson learned for me not all R/V are bad and check my emotions at the door. Pay attention wait for a bigger picture.
I have no idea what's going to happen with FTCH to me it appears they are looking out for the shareholders, because they could had done a straight R/S I never got a dividend for losing my shares a new event to add to my journal.
I think if one invested in lots of shares I would use level II so that you don't sell your remaining shares too early don't miss the bigger picture.
Going to wait and see how this event pans out so far I have no complaint as long as the price stays about .02
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