frankie cooper

Direxion to Reverse Split 3x Financial ETFs After Steep Fall in Price

your idea is true for a NORMAL security, but FAS and FAZ are different vehicles. this is the first time where a RS will be BENEFICIAL for people trading it.....


On Jul 07 07:47 AM Rick99 wrote:

> Reverse splits are *never* good for share price. After r/s'ing a
> $5 stock, the $50 stock still has a perception in investors' minds
> that it is a $5 stock and the share price invariably drops. My strategy
> for coping with reverse splits is to sell before the split, and (if
> I feel a compulsion to own the stock), buy it back on a big dip after
> the split.