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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks
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To: Daniel Miller who wrote (6662)5/6/1998 5:40:00 PM
From: Tazman  Read Replies (1) of 8835
 
A few words on reverse splits....RUN AS FAST AS YOU CAN IN THE OTHER DIRECTION! I've been part of two reverse splits over the past 15 years, and both stocks did exactly the same thing: both were selling for $.50, both reversed 1 for 10, price goes to $5.00, and both were back to $.50 within 6 months...a tidy 90% LOSS.

There are exceptions, of course, Storage Technology and Comverse Technology come to mind, but if I get wiff that a reverse in coming, I'm outta there.

BD
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