I bashed the reverse split. I owned it but sold as soon as they said they were going to do one. I have NEVER owned a stock that had a reverse split and was up in the next year. I am not saying it has never happen, but in the ones I have owned it was always bad for the shareholders. Right now the stock sits at 88c if you take away the reverse split. That is terrible for those holding all this time.
heh, admit it, you Smells De Money! :-) I do too. That's why I'm posting here so much, I don't have enough liquidity left to do much investing (and hence the needed research) into other potential undervalued stocks with firecrackers under them.
Besides, I'm only like 2k in realized gains away from zero'ing my net gains for the year after letting a TON of options expire in January as a tax move (rather than sell the the year before and take the losses then). Anything after that is realized profit for the year, and that I sort of have to be careful about despite the non-income nature of capital gains. I actually have to talk to my wife/accountant toward the end of the year to see if I need to realize losses. In 1999 I was in that position and every darn position was green. I paid more federal taxes that year than I'd made in gross income the year before.
If the specter of buyout comes around it could mean paying more in taxes than I care to since only 1k share of my position will be long term by early next year, so if there's a Q2 to Q4 buyout and I have to liquidate I'm going to get PASTED by short term gains. Again.
You're going to face the same ugly, only worse, if you're making it any significant part of your holdings. It's worse for me as I'm so overweight eTrade that if it was the stern of the boat I'd be blub . glub . . bubble . . .