It was bad enought that the stock has been range bound for the last 5-6 months, but now the reverse split is raising red flags. It seems to have come out of the blue and I don't like surprises. What other surprises does management have in store. I am not waiting around. Too many other "good" investments out there to take advantage of. And the penney dividend is B-O-R-I-N-G! Good luck if you chose to hang around. At least I made a profit (33% on one position).
i hope you sold it pre market when the foolz (who dont know if a rs is good or bad) bid the price up. When i heard the rs news, it wasnt wheather or not i would sell, it was when. When the pps rose to an acceptable rate (more than 20 cents above the close. Good job( even tho you lose your penny)