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Re: Duke Energy Reverse Stock Split 

By: micro in POPE | Recommend this post (1)
Mon, 09 Jul 12 3:49 PM | 53 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 63725 of 65535
(This msg. is a reply to 63722 by DGpeddler)
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DGP

Another INFAMOUS reverse split took place in a penny stock called Wave Systems several years ago.
WAVX

There are a few boards here on bobs that deal with this company.

I warned and a few others back then what the effects would be, basically a death spiral over the long haul.

Well, I was right. Now the folks on the WAVEDD board think this is still going to be the next microsoft .

Don't tell them otherwise. This is so good I watched I have watched my stock in this speculative stock become worth 5% of what I had invested in it.

If I were Zim I would sell my shares of Duke energy at the opening and move on.

Buy some WLP (wellpoint, Anthem health care) or United Health Care or something else.

The history of reverse splits is horrible to say the least.

the best,

micro.... Very Happy


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The above is a reply to the following message:
Re: Duke Energy Reverse Stock Split
By: DGpeddler in POPE
Sun, 08 Jul 12 11:55 PM 		Msg. 63722 of 65535

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.

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