Citigroup announces 1-for-10 reverse stock split

Discussion in 'Stocks' started by Marc to Market, Mar 21, 2011.

  1. emg

    emg

    not sure if that is the good idea.
     
  2. JamesL

    JamesL

    What will daytraders trade now????
     
  3. Good traders know how to adapt and make money in the even the toughest of times. In other words, they'll move on to other symbols. :p

     
  4. We used to relentlessly short the reverse splits in the post tech bust days. Not sure about C here.
     
  5. Why was this thread moved to the stocks forum? It's more about trading than stocks since it'll have a profound effect on day traders, prop shops, even clearing firms.
     
  6. This should be in TRADING forum as above posted said. This makes is going to effect things on the business side significantly.
     
  7. zdreg

    zdreg

    you will trade 1/10 the number of shares and save on commissions. why should there be any effect?
     
  8. Maverick74

    Maverick74


    The effect is the rebate these guys earn on the stock. Not a chance in hell those one trick pony rebate prop firms will touch this stock ever again.
     
  9. Because some traders' realized profits are significantly higher than their commissions...

     
    #10     Mar 21, 2011