Don, you pose a good question. Lets hypothetically look at it this way; If someone had 25,000 share at the beginning of the day (6/15/1998) and decided to sell them when the stock was trading at 0.70 the would have received $17,500 less a commission, say $100.00 thus leaving them with net proceeds of $17,400. When the stock retreated to 0.59 towards the end of the day, decided to buy back in at 0.59 their cash outlay plus commission would have been $14,850. This would leave them with $2,250 in their pocket or a 17.17% (annualized that would be a return of 6,267%) gain for one day based on their cash expenditure. That is using only 25,000 shares as an example. Again this is all hypothetical, but who really knows. That's how them old day traders do things, if it happens to be the case.
I sure had a bad day with my main portfolio (NYSE and Nasdaq) out of 60 different stocks all but 6 took a real beating over $60,000 in all. My BB's did much better, and I am grateful for that. Hope tomorrow is a turnaround day.
Bill Fortune III
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