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johngoodboy

06/20/09 12:17 PM

#8345 RE: yungmoon #8344

First day yes and then it will tank. By the 3rd day it will be down 80%. On the 4th day you can finally sell your new shares and it will be down 90%. This has happen to all the R/S stock I have been in. Best to sell before R/S and cut your losses. GL
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tortman

06/20/09 12:20 PM

#8346 RE: yungmoon #8344

Most R/S's are followed by a wide gap in the bid/ask (e.g. bid .05 / ask.1.00. So yes, in one sense you have a high value for the stock, you can only sell at the bid, so what use is the higher price. This is not always the case, but most of the time it is. Over time the bid/ask will change, but it usually takes a while and if the company decides to dilute, the price will eventually go back to where it was or close to it.