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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: JohnO who wrote (4349)6/4/1998 8:33:00 AM
From: Joe Copia  Respond to of 25711
 
Why did they have a 1 for 20 reverse split in 3/27/97? I still have a lot of reading to do before I can make a decision on ADCO.

Same reason most do. IMO, It was to get the price up so as to be listed on NASDAQ. The nice thing is that it has maintained its price level. 99.9% of RS's go back to pre-split prices, as you know.

Joe PTG&LI !!!