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re: Bought into a sinking ship stock
Posted on 11/2/23 at 3:08 pm to yankeeundercover
Posted on 11/2/23 at 3:08 pm to yankeeundercover
Don't water your weeds.
A reverse split doesn't change the equity value of the company, it just reduces the number of shares traded to avoid getting delisted.
What was your original time horizon and thesis for the trade? Unless you think there is something that is going to move the needle, I would cut my losses before it goes to zero.
A reverse split doesn't change the equity value of the company, it just reduces the number of shares traded to avoid getting delisted.
What was your original time horizon and thesis for the trade? Unless you think there is something that is going to move the needle, I would cut my losses before it goes to zero.
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