
[TimAlerts] $NYNY everyone, gapped up like 300%, going to look into the news right now. Has to be something insane!

[TimAlerts] $NYNY everyone, gapped up like 300%, going to look into the news right now. Has to be something insane!

Why is $NYNY up almost 400% with such low volume (about 40,000)?

[TimAlerts] $NYNY shitty chart

[TimAlerts] $NYNY huge gap up PM

[TimAlerts] anyone taking a look at $NYNY. low floater

[TimChallenge] anyone taking a look at $NYNY. low floater

[TimAlerts] $NYNY up 12%, I'm long

[TimAlerts] $NYNY eod breakout?

[TimAlerts] $NYNY - So then I tested the ability to change my order since I called in with an initial order. No Go. Doesn't allow me to change it. Damn. Thought I had a work around there.

[TimAlerts] $NYNY going back up
They had a reverse split 1 for 5 so the price went up 5 times because you get less shares. It's still the same value. http://finance.yahoo.com/news/empire-resorts-announces-1-5-130400403.html
i.e the price increase 5 times but the stocks you receive is divided by 5. Some companies do this when the stock price is really low. They increase it so people have the perception of it being a more valuable stock when it's actually worth the same.
Okay. I missed the reverse split news somehow.
Join now or log in to leave a comment