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Id rather have $11.50 at risk than $59.00 at risk in a falling cycle,reverse splits never happin in a rising stock always a falling stock.Its great for the short sellers .REAL dollars are at risk ,not % dollars.Run as fast as you can from any reverse split.this cycle down bottom looks like $35.00 ,,those are real dollars ,not theoretical.jnug is always a wasting asset ,just like a Gold mine ! You only make money by catching cycles on the up swing .Its a mathematical certainty the day of the split is its inherent top ,after that its a wasting asset ,so wait till the next cycle bottom before buying,dont fight the trend.and never ,ever buy after a reverse split in a stock with NO earnings …..theres nothing to hold the price up .New buyers wont touch a $59.00 stock with no earnings ,but will buy an $11.00 stock because of the DOLLARS at RISK.NEW buyers view it very different than those already in pre split.$59.00 is a much harder sell than $11.50 …Its the DOLLARS at risk,not the percentage..
In this chart each successive bottom has been lower ,I wouldent be a buyer here,not until I see a change in direction probably around $35.00 or lower.The chart will tell me ,I dont guess.but in any case there are fewer buyers @ $59.00 than $11.50 pre split.Deeper pockets needed.I did trade jnug successfully before ,I avoid now ..