SHARES OF CRASHCO SOAR ON BUYOUT RUMOR
Sat. May 30 ~ Business Wire: Shares of a teeny tiny Bulletin Board stock, Crashco Technologics, soared in trading today on rumor of a buyout by a reputable Y2K company, FBN Associates [NASDAQ: FBNA]. Crashco, which closed yesterday at $00.27, soared to over $70 in pre-market trading on Instanets.
"D@@m SOES bandits always try and scrape the cream off the top of the cow," one disgruntled investor was heard to say.
The rumor apparently started in the Potato Pit at the Chicago Mercantile Exchange, spread to the Egg Pit, then the Hide Pit and then across the floor and out into the street. By 9:25 a.m. this morning, the CBOE was ablaze with screaming brokers, all on the phone with their discount stock firms trying to get orders in for Crashco.
"I've never seen anything like this since that orange juice run-up back in '89 or whenever it was," a mysterious trader with a goofy looking jacket on was overheard to say, "and get the h@ll out of my way, I need to call my broker!"
Crashco, an unknown entity before today, (and still rather unknown if truth be told) was unavailable for comment. This reporter has tried everything to see what the big deal is, but all I see so far are people with their backs to me trying to buy the stock.
John and Joe were laughing in the back and poking needles in a Barbie doll with an Italian suit on it.
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