As an example of this, a few years back, after the first reverse split, the listing of the stock, and a brief pop above $6 followed by a long slow decline, perma bear Rawnoc predicted "2 clams". All the longs hated him. Well, $2 came and went. Today, another reverse split later, that would be $40. Who among us wouldn't be backing up the truck if we though $40 was coming again?
Yesterday's bears are today's wild eyed optimists.
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