split

By 4u2hammer, January 27, 2014

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I have the stock AGQ, a silver stock. Today the stock split, according to yahoo. I have had stocks split before and received double my quantity. The stock went from $16 per share to over$ 60. I researched and it was a 1:4 split. Why would a company go this direction? Thanks for your help.

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2 Comments on " split"

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Calvin Keeler
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Calvin Keeler
January 27, 2014 5:07 pm
First, AGQ is not a “silver stock”. It is an ETF that is leveraged 200% to the daily performance of silver bullion. (e.g. if the price of silver bullion goes down 2% the price of this ETF drops 4%.) This ETF just experienced a 1:4 reverse split because of the significant drop in value it has experienced during the past year. For every 4 shares of AGQ that you originally purchased you now own 1 share which is priced four times higher than it was last week. The total value of your position remains the same. These leveraged ETFs are… Read more »
bobb l captain cook hawaii
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bobb l captain cook hawaii
January 28, 2014 5:16 pm

Great succinct summary. Mahalo. I hope Gumshoe puts you on the first to get list and I will look for your words as I read and learn more. aloha fro Kona Coffee Country. The drink of KIngs!

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