Dreaded Reverse Split

in LeoFinance4 years ago (edited)

Hi Friends,

One of my speculative plays did a reverse split:

44E8A1B0-2032-4AC0-B2EE-E14999E6DB8C.gif

Seems reverse splits are always bad for the stock price after the reverse split:

631FA549D61A48DFBD650EB69979F490.jpeg

I know the stock could have continued to go down even without the reverse split, but it still always is bad news for the stock price based on my prior experience.

Might be a chance to grab some cheap shares though, so I am going to monitor this one further - I do love the junior gold mining stocks.

Thanks for coming by,
Brian

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The market has recently become very volatile, this applies to the stock market and the cryptocurrency market

I don't like any stock split, especially rights issue. You have to put capital to join it.

Right brother

You are right. That's why you should do mining with understanding. One mistake is a great loss. @brian.rrr