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commoncentsinvestor

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commoncentsinvestor

Re: Lucror post# 2071

Monday, 11/18/2013 6:13:17 PM

Monday, November 18, 2013 6:13:17 PM

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"Reverse splits get a bad wrap sometimes"

I usually don't like them but what you say is true. A stock I have been trading lately is QTWW. On July 31st with the price at .48 they did a 1 for 4 reverse split. The next day the stock opened at 2.35 and has been on a tear ever since. Closed today at $7.15.

Before the split the shares had been trading between .50 & .70 forever. So it worked out well for this one. Like XXII they had around 50M shares before the split.
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