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Biotech / Medical : Techniclone (TCLN)
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To: Maurice Winn who wrote (2719)11/19/1998 9:09:00 AM
From: GregSL  Read Replies (1) of 3702
 
RE: CYTLD reverse split. They closed Friday at 1/2. After the 7 to 1 reverse split they should have opened at 3 1/2. They opened at 3 1/4, down 1/4 and have been down since. Yesterday, only three days after the split they close at 2 3/8 a new 52 week low.

Reverse splits are bad. Maybe after this experiment Maurice is convinced, but I doubt it.
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