REVERSE SPLITS ! Mad as Hell not Going to Take It Message Board

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Microcap & Penny Stocks : REVERSE SPLITS ! Mad as Hell not Going to Take It

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To: Harold Feller who wrote (207)	1/6/1999 6:38:00 AM
From: Bob Davis	Read Replies (1) of 217

Harold, Thank you for your "review" of my analysis. I think that your count of the number of NASDAQ stocks that are under the minimum is too high. I just did a sweep of NASDAQ stocks in my T/A system and found only 1,127 that were below $2.00, and this number includes many stocks that are not under the gun... I think that the important point is that there are a few "silver linings" to be found. As I stated in the Analysis itself, "Most reverse splits are not very successful." But if the company has positive financials, then there is a strong chance of a price turnaround resulting from a reverse split. If anyone is aware of any NASDAQ company with positive financials, which did a reverse split and continued to see price declines, I'd really appreciate it if they would e-mail me the symbol so that I can investigate what caused this to happen. Bob Davis The Napeague Letter napeague.com

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