So I around 3 months ago I picked up some BZH (Home builders) stock for around $2.25.
3000@$2.25=$6750
Today on my iPhone I see it's up to $16.90 (+378.75%)
3000@$16.90=$50,700 = So looks like I made a quick
$43,950
I am out all day and cant see how much I made, but I know it's a lot. $$$
I get home and check my stock account balance, and I see I haven't made and real money today WTF?
I look at my BZH shares balance and it shows 600 shares? WTF - Did I get fucked by some scammers? I know I had 3000 shares?
I check around my account history and see some "Bookkeeping notes" -3000 +600 WTF
I do a quick Google search for BZH stock and find:
Beazer Homes USA, Inc. (NYSE: BZH) announced today the effectiveness of a 1-for-5 reverse split of its common stock. Shares of Beazer Homes common stock will begin trading on a split-adjusted basis on the New York Stock Exchange under the Company's existing symbol "BZH" upon the opening of the NYSE on October 12, 2012