O.K. who of you bought VXX last week......

**Hopperbin** · Nov 10, 2010, 12:51

It is called a 4 to 1 amalgamation. It is up only .88 of a percent. Your chart is not showing the amalgamation it is incorrect.

**boarderbloke** · Nov 10, 2010, 13:30

is that the opposite of a stock spilt, ie Nortel a couple years back?

**Hopperbin** · Nov 10, 2010, 14:35

Yes, for every 4 shares owned previously one would now have one. Sometimes charts do not adjust right away for the split or amalgamation. The chart needs to multiply by 4 all the previous data before the amalgamation. HNU amalgamated 2 to 1 last week also and took me 15 minutes to explain to the wife that she didn't have a 50,000 dollar windfall.

**boarderbloke** · Nov 10, 2010, 16:16

Hopper, you probably could have talked her in to taking you out for steak and lobster! lol

**parsley** · Nov 10, 2010, 17:38

Maybe not 50K, but she's got you :>)
Pars

**tmyrfield** · Nov 10, 2010, 22:29

i get worried when companies do this. like when viterra was born 10-1. no-one likes investing in a penny stock which it had become.

**norton17** · Nov 12, 2010, 01:07

I was going to roll $100k in...quit dealing with chump change

**Hopperbin** · Nov 15, 2010, 02:45

What is this stock anyway? Can anyone give a description of what it is all about. Cannot seem to find much about it, is it a fund that buys into exploration companies? Why would one think it will turn around? The trend hints to losing 75 percent of value in another year. Cannot find anything positive.

**ado089** · Nov 15, 2010, 08:21

Isn't it the ETF that tracks the VIX.

O.K. who of you bought VXX last week......