RE:RE:RE:Almost speechlessFlamingo
What yiou say is true about the effects of the reverse split, nevertheless the valuation did not get theoretically affected. There is no doubt that the only variable is the timing, I just like to hedge my bets with all that is going on in the markets. I am also treating the couple of banks I trade the same way as most of them lost more than 30% but that is a totally dissimilar .
hard enough to figure out when there is a bull market, but we are in a different enviroment now
Just playing it safer than most here with this now...but so far doing rather well.
flamingogold wrote: Club, it will correct eventually because nothing goes straight up. I'm not day trading so not a concern for me. But, let's not forget that the share count back then was in the billions making the stock ripe for day trading and shorters as the outlook on a successful turnaround was much more uncertain too.
Let it correct, it certainly would be healthy. But the direction will reverse back up again and.... higher. Works for me.
clubhouse19 wrote: Myname
It's hard to find any negativity in the scenario that we are presently experiencing..
I have ridden this train up and down always trying to hedge what I have as long with trades and pretty well done more than ok while trying to realize profits as much as possible.
My question now is how far can it go before before there is a correction ?
Right bow it is sitting at about 2.28 pre split and that price brings back memories of oct 2021 where it was trading where it is now before it reversed down.
Will it take out that level is what I am cautiously watching ?
MyNameIsNobody wrote: ... I again think of everyone that lost faith and sold wether it was on the way down or when it was at 18ish post RS...man, this stock's up and down is probably, for me, the ride of a lifetime!