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Ok I have a question I bought some stock yesterday does this mean that I bought in after the split or before? Since the PR said the reverse split happened august 9th?
-------------------- "You will do foolish things, but do them with enthusiasm." Colette Posts: 25 | From: Colorado | Registered: Aug 2006
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I am really confused could someone very briefly explain to me what I got myself into? Yes I understand that I should know what I am getting into and I thought I did..
-------------------- "You will do foolish things, but do them with enthusiasm." Colette Posts: 25 | From: Colorado | Registered: Aug 2006
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quote:Originally posted by pms: I am really confused could someone very briefly explain to me what I got myself into? Yes I understand that I should know what I am getting into and I thought I did..
You bought into a shell Co. and now own less shares of a real company.........hold on tight , may be a nice ride.....adjustments on your shares should be updated by Mon.
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!! Posts: 2086 | From: Long Island New York | Registered: Aug 2004
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Shells can be lucrative if you find one w/o a lot of baggage, debt, etc. I've seen the pps of a shell jump sky high. And I mean into the stratosphere. One good shell stock pick and you can retire. They're hard to find. But on the heels of a R/S? With a R/S you own proportionally LESS shares worth a higher price. But it's common knowledge that the higher price drops like a brick shortly after the R/S. That said, you often have a hard time finding buyers to take the stock off your hands cause most know the pps is going to tank. R/S are bad news no matter how you slice 'em. If you can dump it you'll make a fortune. But do it FAST!
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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