Making free money via Reverse Stock Splits (Guide)

[El_Mero_Mero]

Yes in that instance it would be 12 (or 4 each in each account).

Depends on the stock and what dude says. Each stock is different...some can be one share, some can be 4 shares, some can be a percentage of a share and some can be even 100 shares as mentioned each stock is different and it depends on what dude tells you.

But the key is whatever stock it is and whatever dude tells you.......you must not buy on more than 3 accounts on any brokerage or they will catch on and possibly kill your account or stop any reverse splitting of the stocks.

Appreciate it, and trust, I won't "over buy". As I said, I read this whole thread today.

Question about the bolded part: you're saying that sometimes it'll say for example, "buy 0.25 shares"?

 

[Originalman]

Appreciate it, and trust, I won't "over buy". As I said, I read this whole thread today.

Question about the bolded part: you're saying that sometimes it'll say for example, "buy 0.25 shares"?

Yep!

 

[Originalman]

@Responsible Allen Iverson @Xyrax

VIA which is on the Nasdaq (Via Renewables) is doing a 1:5 Reverse Split today after market close.

 

[El_Mero_Mero]

@Responsible Allen Iverson @Xyrax

VIA which is on the Nasdaq (Via Renewables) is doing a 1:5 Reverse Split today after market close.

Morning, I didn't get it on this yesterday, but would this have been one of those ones times where it's ideal to buy only one share (as opposed to fractional shares or a different amount)?

 

[Originalman]

Morning, I didn't get it on this yesterday, but would this have been one of those ones times where it's ideal to buy only one share (as opposed to fractional shares or a different amount)?

Always buy one share in each account unless told other wise.

 

[Lord_nikon]

Subs

 

[Responsible Allen Iverson]

@Responsible Allen Iverson @Xyrax

VIA which is on the Nasdaq (Via Renewables) is doing a 1:5 Reverse Split today after market close.

Thanks breh. We ate good off this one

 

[El_Mero_Mero]

Thanks breh. We ate good off this one

Congrats, I didn't get in on this one, but my question is, how did you know when to sell the shares?

 

[Jammer22]

Missed that one as well. Damn. Oh well. Better luck next time.

 

[Responsible Allen Iverson]

Congrats, I didn't get in on this one, but my question is, how did you know when to sell the shares?

I sell them ASAP after the split happens and the stock reappears in my account. From what I've observed, they almost always go down in price after the split.

 

[Originalman]

@Responsible Allen Iverson @Xyrax

WTER which is on the Nasdaq (The Alkaline Water Company) is doing a 1:15 Reverse Split today after market close.

 

[yung Herbie Hancock]

Just got on this. Signed up on the substack and gonna add more brokerages than my Fidelity and Robinhood. Could probably get my pops to get in on this too... Shout out to the OP and Originalman for putting me on.

Why do you need multiple brokerages to do this? I only have TD ameritrade and robinhood. Cant you just use one brokerage, but before the split then sell after the split?

 

[yung Herbie Hancock]

Appreciate it, and trust, I won't "over buy". As I said, I read this whole thread today.

Question about the bolded part: you're saying that sometimes it'll say for example, "buy 0.25 shares"?

So only buy one or two shares before the reverse split, then sell right after the reverse split? What's the limit on the number of stocks to buy?

 

[El_Mero_Mero]

So only buy one or two shares before the reverse split, then sell right after the reverse split? What's the limit on the number of stocks to buy?

The person's Twitter that's mentioned in the OP would say if buying more or less than one share is ideal. Unless that's mentioned, the rule is to buy just 1.

As far as when to sell it, some have said to "sell them ASAP after the split happens and the stock reappears in my account." Others may say to sell it at a different time.

You need multiple brokerages because that will allow you to earn more money when you add them all up (once again, you're only buying one share in each brokerage).

 

[El_Mero_Mero]

@Responsible Allen Iverson @Xyrax

WTER which is on the Nasdaq (The Alkaline Water Company) is doing a 1:15 Reverse Split today after market close.

I purchased this at 0.11 on Robinhood, and now it is at $1.44, but it only shows up as 1 share. After these reverse splits happen, I thought it was supposed to show up as 15 shares, no?