Reverse Splits and Price Change

[Chrisrord]

GENE reverse split 1 for 5 at about $1.80. $1.80 times 5 is 9$ a share. This isn't when the exact split happened so my example is relative.

But say that was the case, immediately after the split the share price should be 9$ right? No gain, no loss just new price. Why did this not happen with GENE, or come to think of it an other chart I've seen with a split? I am all sorts of confused at the moment. What the heck am I missing? This thing is a pump and dump right?

[CortneyIro]

The chart has already been adjusted - stockcharts.com does it automatically on the split date. Other software may take a day or two to adjust. But historical prices reflect the split. so $2.00/5= about $.40 pre-split. They had to do the split to stay listed on Nasdaq.

[CyRoca]

Thats exactly what I was wondering. You're awesome Blaine, I was driving myself crazzzzyyyy here over that. So the split was .30 some odd cents up to 1.80. I figured the pumpers too, in fact I've read posts, where the split becomes the reason for the price change, add some BS news story and off it goes. Thanks again.

[dcbuhogt10]

GENE use to be my favorite stock to trade (happens to be my first name)
It's moved on its own, with news, and being a ump and dump.
Like BT said, study the chart, it tends to run pretty close to itself.

Now HERO, the other stock your in, is also a past runner for us, so study that chart also.

Off topic here, but I am gathering you are swinging most of your trades.
I tend to be in and out in a very short time frame. (Minutes)
Sell the pop, and look for re-entry if there is one.
I also tend to short more than go long.

[admin]

OK jut checked the chart for HERO, read a couple of articles, and one of its financial reports, and all I can say is wow, its really taking a beating with oil down.
To be honest, not something I would be holding in a swing trade.