How would you feel if.........
Team Owner
Joined: Feb 2000
Posts: 32,545
Likes: 2
From: Lithia FL
Cruise-In II & IV Veteran
CI VI Drag Champ!
Re: How would you feel if......... (tabbruzz)
20-1 reverse split means 20 shares at $1 are now 1 share at $20 right?
I would feel LOUSY!
Why did they do that?
I would feel LOUSY!
Why did they do that?
Thread Starter
Safety Car
Joined: Feb 1999
Posts: 4,043
Likes: 342
From: Central NJ
Re: How would you feel if......... (REDGAR)
Yes the value is actually the same, however, due to the crash the stock became a penny stock so it's still pretty much worthless. If it didn't reverse spilt then I had a chance to get my money back or make more in the future. No go now as I went from 5000 shares to a crappy 250.....
Damn, I can't wait for the market to rebound......
Tony
Damn, I can't wait for the market to rebound......
Tony
Melting Slicks
Joined: Sep 1999
Posts: 2,285
Likes: 0
Re: How would you feel if......... (tabbruzz)
Nice time to get into the market :) I been buying lots and lots of stock......I want to retire early :) I went on a buying spree of stocks when the market was at its lowest :)
Team Owner
Joined: Nov 1999
Posts: 32,782
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From: Former NCM Drag Racing coordinator, National director Corvette Challenge Spring Hill, Tennessee: Whiting, New Jersey
Cruise-In VI Veteran
Cruise-In VII Veteran
Re: How would you feel if......... (tabbruzz)
I hope you didn't have a BUNDLE tied up :(
Le Mans Master
Joined: Aug 2000
Posts: 6,447
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From: Scottsdale, AZ
Cruise-In III Veteran
Re: How would you feel if......... (tabbruzz)
You woke up to find out that one of your stocks reversed split 20 to 1?????
Tony
Tony
Melting Slicks
Joined: Oct 2001
Posts: 2,075
Likes: 0
From: Central NJ
Re: How would you feel if......... (pkmoose)
Man that sucks...I took advantage of the economic dump and bought a bunch of stocks. Don't feel too bad, my buddy dropped about $90k into Lucent stocks when it was 70 bucks a share...
Thread Starter
Safety Car
Joined: Feb 1999
Posts: 4,043
Likes: 342
From: Central NJ
Re: How would you feel if......... (my00c5)
Nice time to get into the market :) I been buying lots and lots of stock......I want to retire early :) I went on a buying spree of stocks when the market was at its lowest :)
Tony
Le Mans Master
Joined: Sep 2000
Posts: 6,518
Likes: 0
From: Toms River NJ
Cruise-In II Veteran
Cruise-In III Veteran
Re: How would you feel if......... (tabbruzz)
I know a couple of good day trading firms in NYC that I can show ya :)
Seriously though ... ride it out .... if not, short it best as you can - then - if it's already a penny stock - take the loss and hope for a better '02 :) - You arn't the only one, believe me ...
Seriously though ... ride it out .... if not, short it best as you can - then - if it's already a penny stock - take the loss and hope for a better '02 :) - You arn't the only one, believe me ...
Thread Starter
Safety Car
Joined: Feb 1999
Posts: 4,043
Likes: 342
From: Central NJ
Re: How would you feel if......... (z06bliss)
I know a couple of good day trading firms in NYC that I can show ya :)
Seriously though ... ride it out .... if not, short it best as you can - then - if it's already a penny stock - take the loss and hope for a better '02 :) - You arn't the only one, believe me ...
Seriously though ... ride it out .... if not, short it best as you can - then - if it's already a penny stock - take the loss and hope for a better '02 :) - You arn't the only one, believe me ...
Tony
Team Owner
Joined: Nov 1999
Posts: 32,782
Likes: 11
From: Former NCM Drag Racing coordinator, National director Corvette Challenge Spring Hill, Tennessee: Whiting, New Jersey
Cruise-In VI Veteran
Cruise-In VII Veteran
Re: How would you feel if......... (ElDiablo)
I'm down 140K on MSFT and CSCO I know how you feel :sad: