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Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?

To: SIer formerly known as Joe B. who wrote (3433)2/9/1999 3:20:00 PM
From: WR61499  Read Replies (1) | Respond to of 3563
 
OK! I used to own a stock called Comverse Technology (CMVT). Many years ago it was a small stock with good earnings,but the stock never did anything. It did a 1 for 5 reverse stock split. It was selling at $2 a share. It then traded at $10 a share. After the split it did go down for a while.It took a few years,but now it is trading for $75 1/2. Of course I sold it long before it got this high! LOL! I don't really expect CADE to do this,but they need to do something to get this stock moving!



To: SIer formerly known as Joe B. who wrote (3433)2/9/1999 7:37:00 PM
From: Boyd Hinds  Read Replies (1) | Respond to of 3563
 
I think this analysis will answer your concerns about reverse splits:

napeague.com



To: SIer formerly known as Joe B. who wrote (3433)2/9/1999 7:46:00 PM
From: Dwane Houghtaling  Respond to of 3563
 
Didn't RJR (RN) do a reverse split in early 1993 (if my memory isn't failing me). Looking at the chart, RN drifted down for most of that year before recovering. However, right now its recovering again from a 5 year low not seen since the reverse split decline. RN hasn't reach the levels prior to the split.


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