SPNG is planning a reverse split. Is it better to buy before or after the split.

JPL answered 2 months ago …

Hi, Myoki44,
Are you a seasoned speculator or a rookie investor? If you are a seasoned speculator, you have the resources and you know what to do.
If you’re a novice investor, then I like to share with you similar info that I gave to Riccodirt yesterday.
My perception, generally speaking, of buying a stock that has or will be reverse split is a bad idea. When a stock has to be reverse split, it’s a bad sign that something is going wrong. I’ve seen too many of our own purchased stocks reversed split, and most of them eventually go to zero. Take for example , Nortel, we still have them, believe it or not. ( I know, we should have observed our stop loss. )
Usually, after a reveres split, the adjusted stock price tends to go lower.
I don’t know much about Spongetech, but the graph does look interesting.

Hope the above helps.

JPL
9/12/2009