Institutional buys and reverse split
Could there be something that we don't know? I am wondering if these buys have anything to do with the reverse split. I am trying to wait out the storm but a reverse split will ruin me..because I did not get my stock at $20. a share!!! that is why I am wondering if the big insitutions know something we don't know.
This looks fishy to me. It seems that the negative comments about the stock causes a lot of panic...but why the big buys? The stock price is an opportunity for big business to invest whereas as a senior with an IRA involved there is no more money to invest at this time, we are just trying to hang on! Let's face it...the small investor is the big loser here.
Let me give you an honest answer...
Quote:
Originally Posted by
Newman
Siriusowner: Let me ask you an honest question...
Do you actually know how a reverse split works? You have been saying some stuff here and on other forums that make me doubt that. If you do not fully understand it, let us know and we will be happy to explain it to you.
And this will be my last post here and in the forum:
I know how these the splits work right ?
What I do not understand is how come you all did not sell SIRI before the merger ? Everyone did.... You sell the buyer, you buy the seller. That is how I became Siri owner and I hedged, unfortunately I did not sell Siri on time and I got stuck with the damn options, which most likely will expire whortless.
Anyway, good luck, hope the company does not go belly up. I will keep the postion but I will not post here anymore. There's no true help on how to fix this bad trade.