Wednesday, February 22, 2012

UNG Kiss of Death - Again! Reverse Splits. Don't Walk, Run.

Ooops, they did it again. it wasn't even that long ago that they had done a reverse split (less than 1 year)

They are called kiss of death for a reason. What happened since the last reverse split?

Did they stock go up +301% Oh no, not at all.

March 11 2011: stock was at the equivalent of today's $42 or so. Last reverse split was from $5 to $10. Obviously that was not enough, so this time it was from $5 or so to $20. Given the current supply glut on natural gas, end result could well be the same.

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