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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (11847)4/13/2004 9:52:46 AM
From: FreedomForAll  Read Replies (4) of 110194
 
Is this market frothy? In a bubble?
SSPI announced a tiny $1 million contract this morning.
Stock peaked up 250% at 6.49 on 5 million shares before 9:45am
(Been following it for 5 years and previous bigger contracts didn't move it 10 cents)
Thats $70 million in market value on a $1 million contract.
I suspect short covering on this one, but its an example of the insane nature of today's market.
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