Tracer Petroleum (TCXXF) Message Board

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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Mohan Marette who wrote (273)	8/23/1997 10:55:00 AM
From: Hunter Trout	of 1261

Please! Let's not give them any ideas! Reverse splits, with few exceptions, are the kiss of death for investors. They are no more than a sign of desperation and a legal form of price manipulation that fools nobody. The vast majority of stocks that undergo reverse splits find their prices heading south immediately after, and it is not unusual for them to end up at pre-split levels, or worse. So if Tracer did a one-for-ten reverse split as an attempt to stay listed, we would, in all probability, still end up with shares of a delisted stock, but with one-tenth of the shares we started out with. Let's face it. This is a speculative stock hinging on an oil strike. If that happens, the price will go up whether it's listed or not. Until it does, it will continue to languish. HT

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