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Re: chrisgold post# 3256

Tuesday, 02/04/2014 10:43:15 AM

Tuesday, February 04, 2014 10:43:15 AM

Post# of 34627
I just went through an R/S with another penny stock. This one worked out extremely well and after an initial dip the stock has blasted off. Different sector/different situation. What you all need to know however is that at the time of the R/S all of your existing shares must be replaced with new shares. This takes about a week and you will not be able to trade until the new shares are received by your brokerage. I had to sit and watch an initial 10:1 increase in the value of my shares disappear with no ability to take profit. Bottom Line-If you hold through the split your hands will be tied for a week regardless of what happens to the pps.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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