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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES

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To: MoneyMade who wrote (6147)2/11/1999 11:01:00 AM
From: Dave Gore  Read Replies (2) of 15987
 
Here's why SOWK is dropping, MM. Just called the Company, this is just a 5 for 1 stock split....that's all it is....the IR guy said there will be (and I quote) "5 times more shares outstanding tomorrow and theoretically the stock price should be 20% of what it is today".

They only called it a DIVIDEND to "make it easier for the transfer agent to do the transition".

You will hopefully be able to get and trade the extra 4 shares on Tuesday.

You guys didn't do your DD on this one. The company should NEVER have used the word dividend...I would call them up and ream them a new one.
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