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Sean HymanSean Hyman
Keymaster
Post count: 5629

Ohhh, I bet you’re right, Leslie.

Steve, USO went through a 1:8 reverse stock split. What does that mean? Nothing fundamentally for the asset but it does change the price and shares. The price goes up 8-fold and the number of shares shrinks 8-fold. https://www.google.com/search?q=uso+reverse+split&oq=uso+reverse&aqs=chrome.0.0i457j69i57j0l2j0i395j0i10i395j0i22i30i395l4.2252j1j7&sourceid=chrome&ie=UTF-8

So, when we got in…it was before the reverse split. So, you could take entry/averaging down prices and multiply them by 8 and get the equivalent price for today’s pricing. Hope that helps. And Leslie, thanks for that. That’s probably what he meant. The reverse split was way back in April, so that didn’t register as what he might be saying. Thx.