David, since I own QUALCOMM and not Techniclone, I suppose the answer is yes, I think Qcom will be $108 before TCLN will be $2, though not being a trader I'm interested in the stock staying about those figures too. Sporadic news frenzy driven spikes are not my cup of tea.
Also, for those expecting a terrible crash for Cytel, you could short it for $3 today. So that is hardly ringing endorsement of the concept that reverse splits automatically cause a reversion to the previous stock price. It was 50 cents before the 7:1 reverse split.
Time is going on and more confounding variables will be entering the picture. On this one piece of non-causal information, one could conclude that reverse splits do NOT cause stock prices to immediately, or soon after, decline to their previous level.
No doubt nobody in the TCLN crowd will be convinced. Anyone prepared to say they shorted it on the strength of their conviction about how reverse splits are a disaster?
Maurice
PS: Shero, I couldn't care much less about your financial position, other than you are likely to help finance a lymphoma cure so I hope that aspect of your finances continues well.
While you might think I have my priorities wrong, I could make a case that spending nearly the average annual Indian income on a lobster or two and some mediocre wine is a weird sort of effort. Though I assume you earned the money legally and so if you wish to spend it like that, have a nice day. Though it doesn't sound as though you particularly enjoyed yourself.
You should consider yourself lucky to be able to flick $150 here and there on lobster and high-priced brokerage with disdain. Some would envy you. Many people work for a week for that money.
Did you have a nice Thanksgiving? |
