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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: RockyBalboa who wrote (2415)7/9/1999 2:28:00 PM
From: Q.  Read Replies (1) of 2506
 
It looks like the BB stocks are getting knocked an average of 4.4%,
two days after getting the "E" added to their symbol.

Here's the list of stocks scheduled for deletion Aug. 2:

today day before "E" decrease

AENGE 9 9 0 <- hasn't traded in last 2 days
AFNTE 10 10 0 <- hasn't traded in last 2 days

AMITE 4 1/4 4 15/16 -14%
AMSEE 6 1/2 6 1/2 0
AMUTE 4 5/8 4 27/32 -4 %
ANIWE 9 1/2 9 3/4 -3 %
PWEBE 5 1/8 5 11/16 -10%

average -4.4%

In the case of PWEBE, I noticed a post by an alarmed shareholder
yesterday, the first day the stock got an "E" and he figured out his
stock was headed for deletion. The co. then put out a news release
that said that they are working on becoming fully reporting, although
they made the misleading suggestion that the "E" would just remain
on the stock symbol until they did become fully reporting. They didn't
tell the reader that if they fail to do it by Aug. 1 they will be gone
from the BB.
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