I had cycled this one a couple times when it was .25-.35 before it split. After a 10 for 1 split, it hardly ever moves. Can anyone take a look and see if it looks to be a decent long position?
TIA...
Posted by Federated Records on :
quote:Originally posted by 94Hokies: I had cycled this one a couple times when it was .25-.35 before it split. After a 10 for 1 split, it hardly ever moves. Can anyone take a look and see if it looks to be a decent long position?
TIA...
Its hard to say, the company has not been trading very long... but what I see is support at its split position, 3 cents.. It was in a nice climb before the split.. Holding is an option, yes... but with the split there is dilution taking place.. so climbing back will take time...
Posted by 94Hokies on :
Thanks. This was my first foray in sub-$1 stocks, so it's kind of weird seeing 60,000 shares sitting there. Guess if it is a relatively safe long I'll let it age for while and see what happens. Kind of neat supporting a local company anyway.
That was my excuse for drinking all nite at UNO until they bought all their shares back and went private;-)