Reverse Splits and Price Change

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?

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.

GENE was already a low floater and past runner. Combining another r/s and shorts coming in to early thus getting squeezed; can cause massive runs like the one you've seen. Study the PATTERN near 4.50 after the 1st large gain at the end of January. Run, dip, sideways, perk, test previous high, test again, breakout and run again squeezing everyone who had the same mindset as yours. PRICE ACTION is all that matters, news, pumps, 'trying to be right' is all bullshit trading. If you want to make money learn the action. Yep, even if you miss the first move you can make money on the short squeeze or shorting it back down once the early birds are exhausted out.

So was it a pump and dump? or just dumbasses not knowing how to trade? I don't care, I make money and move on.

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.

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.

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.