Majority of stocks that R/S never come out of it or stagnate. However, I'll hold half my position in case of a miracle so I don't beat myself up too much if it does hit "Primetime" -Let's pray for a miracle to defy the odds here!!
So many people talking about the evil of reverse splits saying they're always bad. I disagree. NWBO is into cancer immunotherapies. In September 2012 they did a 16:1 r/s! The stock was at $.30 and corrected to $4.80. Then look what it did:
Oct 3, 2012 8.00 8.90 6.15 6.85 70,600 6.85
Oct 2, 2012 8.00 9.00 7.30 8.00 29,700 8.00
Oct 1, 2012 10.95 10.95 7.51 7.87 107,000 7.87
Sep 28, 2012 5.75 20.00 5.55 10.95 219,600 10.95
Sep 27, 2012 5.25 6.00 5.25 5.56 65,000 5.56
Sep 26, 2012 4.75 6.00 4.75 5.50 10,200 5.50
Sep 26, 2012 1: 16 Stock Split
Sep 25, 2012 0.30 0.31 0.29 0.29 17,800 4.64
Sep 24, 2012 0.31 0.31 0.30 0.30 24,600 4.80
Sep 21, 2012 0.29 0.31 0.29 0.30 35,600 4.80
Not sure that's clear but in the days immediately following the split the share price shot up to $10!! It settled back down to the $6's for a while after that. Now a full year later the sp is down but that r/s was a gift to shareholders. Proof that a r/s is not always bad.
It's okay if u sell it....i was about to sell it but I did not do it. I did my research last night. Every reverse split will go down for 1-2 days and it was 10% on the first day....but it will be GREEN next week..next week is a good day to get out...they will PUMP again next week....I will sell on WED next week.
Don't keep this stock for too long....every reverse split always be bad...almost 90%...don't listen to anyone in here..they're still rookie...
Gonna need a bunch of Hail Mary's to go along with the miracle. I dumped all of my 1800 shares on Monday.
Maybe I bailed too early, which has happened more than once, maybe not, which occurs less often, thus the reason I fled. As the old axiom goes, "no one ever gets hurt taking profits." For me, that equated to about 5k.
How did you make $5K profit on 1800 shares? Must be some sort of new math because I can't see that really being plausible.
As for me, still long, strong and waiting for the good news that will be here before you know it. We're coming down to the wire now. I bought this stock because I believed it would pay off big and let's hope that happens for all of us ZBAers. I just wish they would've hurried up earlier because I found out today that my brother has shingles.
Good, now BE GONE! The only "loser" here is you! As an FYI, you are a total POS, a Lowest Common Denominator. Nothing worse than a one time long who sells and sticks around to bash 24/7. Get lost you garbage pail!