Quote:
Originally Posted by Captain Obvious
Any smart people want to educate me/us on reverse splits?
I bought 166 shares of STAF @ 0.57 on a whim yesterday. When I checked today, I had a message saying they performed a 1 for 6 reverse split. Now I had 27 shares at 3.44.
I just looked and it's up 52% after hours and is sitting at $5.64. What a windfall, eh?
Is this typical of reverse splits? Seems odd to me, but I'll admit to being a major noob.
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Reverse splits FAIL 95% of the time. They are NEGATIVE not positive.
Normal splits of 3:1 or 5:4 or 2:1 indicate a growing strong company.
Reverse splits are the OPPOSITE of forward splits and also the opposite in terms of success.