RE:RE:RE:RE:RE:RE:RE:RE:Looking upLONAMIS777 wrote: "bimsox69$ - (12/2/2020 11:31:44 AM)
RE:RE:RE:RE:RE:RE:Looking up
Sorry but I must of missd something. Is there a reverse split coming and why would you"
When a ticker hits a hard confirmed bottom on a 6 month chart, the chances of it having an uptick in value becomes statistically significant, which makes an opportunity to make profit more likely, even with a looming rs the stock can enjoy a good upward move that sustains long enough to sell in the green, there are no guarantees of course but you just play the odds and set yourself up in the most favourable position and wait to see if you are right or wrong, but if you manage things properly you should win more than you lose...
GSTA THE LONGS
. . . and this my friends is called gambling when investment decisions are not based on fundamentals of the business but imagined/anticipated share price patterns.
Reverse splits are generally a desperate move to avoid being delisted or have run out of ability to raise more money because the sharefloat is too great. Both factors are here. And companies that do the RS usually see their share price fall once more post-reverse split. You might be better off to sell now, and re-buy post RS once you see what the price does.
While I think CHV has potential it, by any objective anlysis, is making a desperate move to stay alive. Where I work, my boss challenged me to show an example of a company post reverse split that had its shares go up. Usually the opposite happens.