One Thing Is for Certain You don’t want to wait until after the share reduction gets posted/happens. You want to be in this “BEFORE” that happens and it could happen at any moment. If you wait you will have to chase the ask to get it and that is absolutely not fun. Been there done that – way back in my early years trading. Some brokers only allow limit orders on Penny Stocks. The ask runs away from you before you can even get your order in – Ahhhh Memories. You end up having to place a limit order/Bid that is higher than the ask = not fun for the person trying to get in but absolutely great for the people who are already IN THE STOCK.
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