I don't know, Brian, in my experience, a stock generally decreases in price after a R/S, and is certainly sometimes viewed as an act of desperation in order to keep a particular issue on a particular exchange. Also, ECU rose very nicely from the time it was .40, or 1.25.

I'm also curious as to why you think it might be a "solid strategy." Most investors focus on a company's market cap, rather than its share price in determining whether or not the company is overvalued or undervalued. Those that focus on the SP in making that determination tend to be inexperienced investors, who learn the error of their way sooner of later. There aren't sufficient numbers of them that could be "fooled" into buying the stock and thus increasing the SP!