After revers split 1/20 , we have a new resistant to test and break to stop going down furtherer , which is the 3.50$ RS, if we got rejected , we will go down near the 1$, if we broke it , will go to test the 6$ resistant and first sign for bullish reversal if we closed 4h candle above it .
Bears are out to play, seems the winter is over. I'm not looking to dump my position in UVXY just yet, however. I thought I might update the community that Business wire reported that Proshares plans on doing a 1:10 reverse split on May 26th before opening bell that day for their UVXY security. Trade accordingly. I expected a reverse split once it touched the 3's,...
VYNE Therapeutics Inc. has caught my attention recently after they announced a reverse stock split at a ratio of 1-for-4. As a novice trader, I am now interested in observing this stock's behavior as it starts trading on a split-adjusted basis, apparently on February 16th. Consequently, I have opened a position with the belief that the price will see an...
No one can predict the result of NVAX's phase 3 trial. However, I don't count out any potential winners in the vaccine race even though now it seems very likely that NVAX won't be the first one to distribute vaccines at massive scale.
That being said, as long as the result of phase 3 trial isn't a complete failure, I think the crowd frenzy will keep pushing...
Zoomed out like this, we can see after the 10:1 Reverse split neonode/SBE chart reflects price per share now as 32,187 ATH June 5th 2000
(Before the reverse split, ATH was 3,218.70)
A 5-1 reverse split is scheduled to occur in UVXY on 1/12/17. In a nutshell, this messes with options positions (see Post below) ... .
However, it can also be an opportunity to get into a short UVXY "Contango Drift" play. I'll do a separate post shortly ... .
Because UVXY is subject to contango, it periodically has to undergo reverse splits to keep it from going to 0. The last split occurred in May of last year, when UVXY was sub-10 and it is getting close to that area here.
In a nutshell, reverse splits wreak havoc with options positions ... . I won't go into the nitty gritty details here, but the Options Clearing...
