Boiler Room: The Official Stock Market Discussion

[GoogleMe]

Brazil Credit Rating Cut to Junk by S&P Amid Budget Strain

 

[Futuristic Eskimo]

The price action is pathetic on BAC given how many analyst upgrades there have been in recent weeks. This is setting up for Moynihans exit

 

[Maddmike]

I really need to learn wtf im doing.....I woke up and saw UWTI was 10.00 and thought I was rich

 

[GoogleMe]

I really need to learn wtf im doing.....I woke up and saw UWTI was 10.00 and thought I was rich

Leveraged Natural Gas, Oil ETNs Will be Reverse Split | ETF Trends

 

[yakamein]

I really need to learn wtf im doing.....I woke up and saw UWTI was 10.00 and thought I was rich

You and I both missed it. Crazy part I been knew about this since last week.

 

[GoogleMe]

You and I both missed it. Crazy part I been knew about this since last week.

It was a reverse split. The company/etf/etn isn't any more valuable than it was before the reverse split. Same goes for your position. Your 10 shares at $1 a share would have become 1 share at $10 per a share. Most stock exchanges require share prices to be stay above $1 to avoid being delisted, so they perform reverse-splits to prevent that from happening.

 

[Domingo Halliburton]

Looks like that piece of shyt Avon may finally get bought. Up after being unhalted.

 

[Domingo Halliburton]

Someone just bought 3,000 of the January 90 VXX calls.

And no that's not a typo on the strike of 90

 

[yakamein]

It was a reverse split. The company/etf/etn isn't any more valuable than it was before the reverse split. Same goes for your position. Your 10 shares at $1 a share would have become 1 share at $10 per a share. Most stock exchanges require share prices to be stay above $1 to avoid being delisted, so they perform reverse-splits to prevent that from happening.

But you could have still dumped and cashed out today am I correct? Not too sure brand new to this.

 

[GoogleMe]

But you could have still dumped and cashed out today am I correct? Not too sure brand new to this.

Say you bought 10 shares yesterday for $1 a share. 10 shares x $1 = $10 worth of shares.

This morning your 10 shares would have become 1 share with a market value of $10. 1 share x $10 = $10 worth of shares.

Nothing changed.

 

[GoogleMe]

Someone just bought 3,000 of the January 90 VXX calls.

And no that's not a typo on the strike of 90

 

[yakamein]

Say you bought 10 shares yesterday for $1 a share. 10 shares x $1 = $10 worth of shares.

This morning your 10 shares would have become 1 share with a market value of $10. 1 share x $10 = $10.

Nothing has changed.

Right I understand that, my question is could you have dumped today and cashed out on the shares that was purchased yesterday for the share price today.
50 shares = 50.00 yesterday 50 shares cash out 500 today?

 

[88m3]

Brazil Credit Rating Cut to Junk by S&P Amid Budget Strain

such a joke of a country

it's really unbelievable

 

[Domingo Halliburton]

you could say fat finger trade but the open interest is over 12,000. the January 80 strike open interest is over 23,000,

these guys must be expecting armageddon

 

[GoogleMe]

Right I understand that, my question is could you have dumped today and cashed out on the shares that was purchased yesterday for the share price today.
50 shares = 50.00 yesterday 50 shares cash out 500 today?

No. Your position automatically adjust to reflect the reverse stock split on the day of the split.