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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: stockvalinvestor who wrote ()3/21/1997 5:19:00 PM
From: Clark D. Gumeson   of 1836
 
RE: DELGF

apparently trading was halted after this stock plummeted to ten today from sixteen this morning, and a greater drop yesterday regarding overly optimistic reports on the companies gold prospects in some new mines in nevada.

what is the impact of these 'haltings' can a buyer put in an order for 'opening price' etc.? I would presume that the market has over reacted and that this could be a potentially profitable dead (or wounded) cat, your thoughts? any news regarding their solvency and/or opinions about thier chances of bouncing back soon?

spectre out
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