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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: SSP who wrote (31975)3/1/2000 12:02:00 PM
From: SSP  Respond to of 150070
 
MDIA - about the reverse - I could be mistaken, looking now.



To: SSP who wrote (31975)3/1/2000 12:05:00 PM
From: myturn  Respond to of 150070
 
Reverse, nothing going on? MDIA go figure. Maybe they got something up there sleeve for the reverse. Who knows; it may be another YNOT.

Go figure. MDIA is another prime example where I don't always believe what a company is telling me.

Nine times out of ten; I buy a stock more on technical analysis than anything else.
I never used to use T/A. I am learning to use it as a daily ritual anymore.

Especially when I am bottom fishing.



To: SSP who wrote (31975)3/1/2000 12:07:00 PM
From: Eric Fader  Read Replies (2) | Respond to of 150070
 
Re: MDIA - In my experience, an odd-numbered reverse split generally means that a reverse merger is coming, with the existing shares valued at a set dollar figure. They need to do the RS at that rate so it comes out even after they issue new shares to the company being vended in. It's NOT just a "we gotta get the price up" RS.

Certainly the activity indicates that something is happening. Plus a guy from Boca whispered in my ear last week (I should've bought then!) that some big players will be involved with the run... High risk, high reward. Disclosure: I own some.