Originally Posted by lewdog:
Biotech getting crushed.
I was coming in for my morning checkup thinking I was going to be happy, and then I saw the list of biggest declines. Cruise ship companies, Schwab, IBM, etc. Yeesh.
I'm still up a bit overall, but not nearly where the market is. [Reply]
Originally Posted by Rain Man:
I was coming in for my morning checkup thinking I was going to be happy, and then I saw the list of biggest declines. Cruise ship companies, Schwab, IBM, etc. Yeesh.
I'm still up a bit overall, but not nearly where the market is.
Yeah weird day. I got stopped out for losses on quite a few trades today even though all indexes are green. That’s pretty rare for me. [Reply]
Originally Posted by scho63:
Reverse splits FAIL 95% of the time. They are NEGATIVE not positive.
Normal splits of 3:1 or 5:4 or 2:1 indicate a growing strong company.
Reverse splits are the OPPOSITE of forward splits and also the opposite in terms of success.
This is correct. In sub 1.00 stocks it is usually done because the company is trying to avoid the Nasdaq delisting rule that you have to be above 1.00 for a certain amount of time. Usually a penny stock that is going to be diluted over and over and over again until it goes bust. [Reply]
I bought in at $26.12 & as long as it stays around $50 I値l be alright.
I think I値l sell @ $40 but maybe $35 if it gets that low. Still a profit but no multimillionaire.
Hedgies know that the longer they can keep it down the more people start getting nervous and start selling off. I've had those feelings too as I hate to see 300% gains vanish but I'ma do my best to ride it out. I'm just afraid there's going to be a trigger point and then a steep drop if it hits say $40 but I really don't think thats going to happen. [Reply]
51 was the low threshold if it would have stayed below it we would have more then likely lost but I think we'll be fine now. Going to squeeze soon [Reply]
