Goldilocks’ Comments and Late Global Economic News Friday Evening 2-23-24
Good Evening ,
Currently, we have a lot of stocks that are doing what is called “reverse stock splits.” I won’t go into detail on what this is, but it is simply reducing the number of stock shares that are provided on the stock market by a company.
This gives a company the ability to manipulate their price. It makes a company look like they are doing better than they really are. Professional traders view this as a negative move to keep their company from being delisted from the markets and sold as penny stocks.
It is an indication that this particular stock has reached a bottom, and the company is attempting to artificially raise its value through a reverse stock split.
Bottom line, the stock market just simply is not doing as well as it appears, and you do have to know what you’re doing to be on it at this stage. This is one of many tricks that are being played currently on the stock market to hold its value up artificially.
For this and other reasons, we are witnessing many traders and billionaires move their money from the stock market and into digital asset-based trading. WolfStreet
© Goldilocks
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