Replies to Msg. #732331
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 Msg. #  Subject Posted by    Board    Date   
63725 Re: Duke Energy Reverse Stock Split
   DGP Another INFAMOUS reverse split took place in a penny stock call...
micro   POPE   09 Jul 2012
3:49 PM
63724 Re: Duke Energy Reverse Stock Split
   DGPeddler> $23.06 becomes a stock selling for 69.18 but if you had 300...
Zimbler0   POPE   09 Jul 2012
4:38 AM

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Re: Duke Energy Reverse Stock Split

By: DGpeddler in POPE
Sun, 08 Jul 12 11:55 PM
Msg. 63722 of 65535
(This msg. is a reply to 63716 by Zimbler0)
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Zim, in a reverse split a stock that sells for $23.06 becomes a stock selling for 69.18 but if you had 300 shares before the split, you have 100 shares after the split. Penny stocks often do that and everyone I follow that has done it, goes down in price. I do not like reverse splits.

As for spin offs, I generally get a notice in the mail. I sure do miss paper certificates. Keeping track of the stock gets harder and harder. I figure that when I die, the state will eventually get part of mine.