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Strategies & Market Trends : The picks
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To: David Mathews who wrote (4167)2/8/1997 12:48:00 PM
From: p. webster   of 6124
 
Re: reverse splits

I don't find reverse splits to be that reliable an indicator either way. There are 2 kinds of companies that do it: 1) Those who are trying to salvage the co, see NAV, and the price continues to erode., and 2) those who are in need of getting the price above $5 or $10 so institutions can come in and take positions. Only DD on the co. can aid in determining which situation is at hand.

P. Webster
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