Not always true, but is often the case. I bought shares pre split of a certain CO. that starts with the letter "I" and sold them 1 year later in multi-dollar land. Check my posts from December-January 2018. I was left with a lot less shares after that 1 for 50 split. Even though I made SERIOUS bank and on top of it I live in Canada so I made an extra 30% +/- on exchange.....my biggest win to date came from this split and it changed my life.
I have a feeling about this one and am accumulating because anything under .01 is good in my opinion. After 10 years of trading I now find my gut instinct is correct more often than than my technical analysis is so I try to go with my instinct 1st, DD and technical analysis 2nd and then back to my with my instinct to pull the trigger.
I took a year and a half off serious trading for the most part after that trade but now I'm back......not because I'm broke but because my Ego needs to be right ha ha.