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Microcap & Penny Stocks : FINGER/MATRIX (FINX)

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To: Linda Kaplan who wrote (494)5/28/1999 5:34:00 PM
From: J L Segal  Read Replies (2) of 543
 
I'd wait until after the split. I've seen many reverse splits and I can't think of one stock that hasn't gone straight down right after splitting- can you? The risk before a reverse split is much, much greater as it is magnified. FINX might have some irons in the fire, who knows. They keep alluding to something cooking. It's still all pure speculation, for now. (BTW, most of my largest losses have been cases of my not paying attention to my better judgement - waiting for that "big" move. I still have to keep reminding my self of this)

JL

p.s. Don't forget that there is very little FINX stock left in float. Per Gordon, the co. that they merged with bought most of FINX stock.
This means that it will take very little volume to move the stock - either direction. Also, again, I don't think that new buyers are aware of the upcoming reverse split. FWIW.
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