| | | Yes, it's obviously likely to decline when it opens, but how to determine what price is a fair price if it doesn't open?
My inclination is to say "tough luck" due to the lack of trades and keep it where it is, but then since I'm in first and that may be clouding my judgement, so I'll recuse myself from the decision of what to do.
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Lets see - I'm going to empanel three judges, the three players in last place - Glenn Peterson, Mark Mandel and Taro. No, not Glenn because he holds it as well, so Kirk, because he's often paying attention.
Judges = Taro, Kirk and Mark Mandel
Here's the problem, Bonefish is short stock (KBIO) that had major BAD news before the open on Thursday, but it never actually opened, and now it is halted, so I have no idea what value to assign it. The obvious choices are Wednesday's close (ignore the news due to the halt), the pre-market Thurs last trade (about $11), or something else. You three discuss it, and decide what to do.
Quick, one day left! |
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