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Technology Stocks : WTT-Wireless Telecom.
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To: munsters who wrote (2135)6/16/1998 2:49:00 PM
From: Edward Boghosian   of 2426
 
I mentioned reverse split but I have no information to back this up. Only my limited experience and intuition. This stock has split more than it should have and when it gets down this low, the company should worry about remaining on the exchange, so it does a reverse split and then, eventually, it dies out. But it first goes through a reorganization and then you have a class action suit, etc. All hypothetical, mind you. One thing is for sure, as far as I am concerned, going out of business should be considered today, whereas, no one would of thought about it 2 years ago.
The stock seems to holding its own at this level the last couple of days. Maybe it's bottoming out? Too bad we don't have a mole.
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