How to Play the reverse split...
Lets face it...the reverse split is bound to happen...i think i've read enough from homer to make me realize its inevitable...how should it be played?
Please...Lets put aside the argument that shorts will drive it down after the split and assume it goes upwards (albeit slowly) after the RS.
If im averaged just under $1 should I be looking to risk more cash (which I don't really want to) or should I just accept the result of the RS (which would really tick me off but not be risky) ?
ps. IMO I think the RS could even happen a year or more from now with a new shareholder vote, maybe even above $1. So, the reason I ask is because now seems the best time to average down if this scenario plays out....
Thanks in advance...