GREY:SXHHF - Post by User
Post by
A_Spydermanon Jun 08, 2010 12:16pm
399 Views
Post# 17168779
Reverse Splits,,,,,,,,
Reverse Splits,,,,,,,,
are only to make the impression to other institutional buyers that this stock is more stable. We still have the same $ in value but if we are still down 50%, we just have that much more of a hole to get back to par. The assumption here is that to average down as much as possible so (if and only if) the possibility of a RS,the losses will not be as much. The losses that would be multiplied by the RS. This would be the only reasoning of anyone buying at these levels. JMO Spyde
As I am not an "expert" as others claim to be, this would be my reason for buying . GLTA