guys...I am off on many Fridays. I flew back on a Thursday, off on Friday...it felt like a Friday to me.
my bad. now get back to your cubicle and get to work.
Stock discussion
- Thread starter herdfan06
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guys...I am off on many Fridays. I flew back on a Thursday, off on Friday...it felt like a Friday to me.
my bad. now get back to your cubicle and get to work.
I was told . . . errr, I am just randomly guessing they may do another reverse split. If that's the case, there's a good chance it will at least briefly jump back up over $10, right? The last time they did that, it jumped to over $20. Is that a normal trend after a reverse split? Is it wise to sell right after that happens when the stock price first jumps?
Yags, they have issued over 635,000,000 shares in just the last month. I don't see any reason it would jump on a reverse split. Typically, companies start shedding value before a reverse and then trend back down to where they were price wise pre-reverse.
If you want to make your money back short it after the next reverse split.
If you want to make your money back short it after the next reverse split.
Thanks.
I saw that a couple of banks made millions shorting it the last time. I tried reading about it last week but got confused with it.
I was referring to my Macy's stock, that took a bit of a dump yesterday.
I had not read that they do another split, did it truly jump to $10 or did it drop to $10?
Keep in mind that the "pop" is really just the price reset. For example, if they are trading at $0.07 a share and do a 1 for 100 reverse split the stock will open the next day at $7.00. The stock didn't increase in value, just the price changed in an amount equal to the reduction in shares keeping the market capitalization the same.
What the fvck? If the stock opens at that value, why can’t I sell it at that? I’m out of my league with this foolish bullshit.
You can sell it for that, but it would be the same as selling it for $0.07 the day before.
If the day before the reverse split you have 100 shares and it's selling for $0.07 you have seven dollars worth of stock. When they do the 1 for 100 reverse split you now have only one share worth $7.00.
If the day before the reverse split you have 100 shares and it's selling for $0.07 you have seven dollars worth of stock. When they do the 1 for 100 reverse split you now have only one share worth $7.00.
@Bankerreturns What is your opinion on the possibility of moving from reporting financials on a quarterly basis to every 6 months?
Why is 5th grade math so hard for rifle to understand?
Let me dumb it down for you.
If your stock portfolio has 2 shares of one stock worth $1 each, then a reverse stock split happens and you now have 1 share at $2 each, the price of your stock portfolio has stayed the same. $2. You can sell the stock, but you now only have one share...not two. It’s a way to make a stock more attractive to investors if, say, that company does not feel that a penny stock will get a lot of volume trading.
A stock split does the exact opposite and is usually done when a company feels its stock price is too high to entice buyers. So they double the shares but cut the share price in half. That’s the one you want to happen.
Let me dumb it down for you.
If your stock portfolio has 2 shares of one stock worth $1 each, then a reverse stock split happens and you now have 1 share at $2 each, the price of your stock portfolio has stayed the same. $2. You can sell the stock, but you now only have one share...not two. It’s a way to make a stock more attractive to investors if, say, that company does not feel that a penny stock will get a lot of volume trading.
A stock split does the exact opposite and is usually done when a company feels its stock price is too high to entice buyers. So they double the shares but cut the share price in half. That’s the one you want to happen.
Less reporting and transparency is never a good thing from a company in which you are invested.
It’s like I said in the beginning of this thread. Reverse splits usually occur with companies with questionable fundamentals. It is a simple way for a company to reduce their float. Attempting to “trade” (buy) reverse splits rarely ends well (profitability).
I guessed you would support it as it would require less government regulations. I have mixed feelings on it, on one hand, I understand companies are "forced" to make short-term decisions, on the other hand, would things be compounded even more because the stakes would become higher with achieving goals every six months rather than every three?
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