to expect some quick selling for those funds that have not
already bailed on BAC. But, also remember that BAC can simply
do a reverse split to increase the share price by reducing the
number of shares, just like C did a couple of years ago with a 1:10
split.
bac
Posted by biscuit on 19th of Dec 2011 at 05:45 pm
is there an sec rule which proscribes funds from holding stocks priced below $5?
Just my thinking, but it is reasonable
Posted by johnc on 20th of Dec 2011 at 06:45 am
to expect some quick selling for those funds that have not already bailed on BAC. But, also remember that BAC can simply do a reverse split to increase the share price by reducing the number of shares, just like C did a couple of years ago with a 1:10 split.
No, just most pensions and
Posted by jdaswani on 19th of Dec 2011 at 05:46 pm
No, just most pensions and mutualnfund chartersnprohibits them from owning. Also below $5 stocks not marginable