Exlurkernegro
Judge me by my heart not my hairline
Same here.
Making free money via Reverse Stock Splits (Guide)
Ezekiel 25:17
Veteran
How much have y'all made so far...e.a. wk, a month?
You ain’t the only one
I wanted to make this thread because its something I have been doing for a while; but recently it became easier to do because someone created a Twitter account to reveal and track these opportunities which means now everyone can do is pretty easily without having to research them on your own.
Long story short: You create free brokerage accounts with brokers like Robinhood, Webull, Fidelity, Schwab etc etc: The you buy low cost stocks set for reverse splits for pennies: Then sell them days/weeks later for a profit. Period. No games, no risk no bullshyt catches.
They are typically for small amounts: $5-500 in range for the most part. The bigger ones are rare; but this costs next to nothing to execute. You just put $5 on a brokerage account; Buy these when told, sell them when they execute and rise in value, and now your account went from $5 to $75.... And you keep going. Heres an example from my Fidelity account:
Here I bought Tengasco as it prepared to rename to RILEY and executed a reverse stock split. I paid $2.56 for one share. Then later:
20 or so days later I sell the reverse split stock I bought for $2.56 under its new name for $23.42.
Another example is me buying SINGLEPOINT (I should have just bought 1 share but I bought 100 praying for the conversion) for $5.20
Then selling it later for $126
The point is that these are profitable regardless of what the market is doing because the companies are intentionally raising their share price to remain listed on the market. So they consolidate 10 shares into 1 share to raise the stock price. But those who only own 1 wait until after the conversion and suddenly your 1 stock gets converted UP to the price of 10 shares... Free money.
Finally; this scales. I listed Fidelity but you can repeat this on as many brokerages as you can find. So $23 in profit on Fidelity is really $230 overall profit if you do it on:
Fidelity
Schwab
Robinhood
WeBull
Firstrade
Tradestation
SoFi
Vanguard
Ally
Chase
And there's more. You can scale these profits to high multiples depending on how many free brokerage accounts you are willing to open and play the game on. All legal, no bullshyt.
A single account will make you 1k-2k a year, and you can scale that across as many brokerages as you can find (all the ones I listed are confirmed to work with this.)
And you can use this Twitter account below to be told which stocks to buy single shares of, and when.
https://twitter.com/reversesplitarb?lang=en
The account holder announces which splits are up; When you have to buy them by, and announces the Brokerages that are compatible with the buy. Like so:
I know that's a long ass post but I see Coli cats posting that they want to invest 1k etc all the time; So if that's how people are getting started, I figured this is a quick way to put in a little work and earn yourself 6k+ or more a year for investments if you really use a bunch of brokers. Just remember, these are taxable gains (unless you are making the trades inside of an ROTH IRA) so save 30% for Uncle Sam brehs.
Question, how do you write this on your taxes? Is this tax free?
In mid February or so most brokerages will give you a form so you can input it into your tax software or give it to your CPA. Its taxed like normal stock profits.
I sold PIXY for around $32 yesterday 
When did you pick it up and for how much?I sold PIXY for around $32 yesterday
I sold PIXY for around $32 yesterday
I've been busy as hell at work this week before the holiday weekend. I didn't get to sell any of it yet.
Its at like$13 now which is still a nice move from 14 cents, but damn. That one really did nice.
You should be damn near retired after that!!!!