Another concept I'd like to discuss is a reverse split. CDE has proven that a reverse split sometimes works....Coeur d'Alene Mines initiated a 1-for-10 reverse split, after closing at $1.40 on May 26, 2009 and is trading around $33 today, higher than that split-adjusted price of $14. I wonder where CDE would be trading today if they had not done the reverse split. CDE might be a penny stock.
What if ECU did a 1-for-5 reverse split? Curious what others thoughts would be related to this. Does anybody know if a reverse split requires shorts to cover....I find conflicting information on this...
Just thinking out loud....as Gold and Silver continue to climb with little to no reaction in the shares. The GDXJ is flat with silver up 64 cents.....love these free markets and Wall Street's options expiration game.....