The market traded all day on this phony news, what do you think will happen when it becomes known that it was an orchestrated fraudulent news release then a retraction released 8 minutes before the market opened which most traders were never aware of.
>> Zapata made its intentions known Thursday, as it revealed that it
expects to handily beat Wall Street estimates of $0.17 per share for
its second quarter.<<
Newsbytes, Thursday, July 23, 1998 at 11:23
HOUSTON, TEXAS, U.S.A., 1998 JUL 23 (NB) -- By Bob Woods, Newsbytes.
Zapata Corp. [NYSE:ZAP], which revealed earlier this year that it
wanted to become a major player on the Internet, will keep investors
and industry-watchers on pins and needles until July 30. That's the
day when Zapata announces second quarter earnings, and promises to
reveal its future strategy.
Zapata made its intentions known Thursday, as it revealed that it
expects to handily beat Wall Street estimates of $0.17 per share for
its second quarter. On that news, Zapata traded up $2.563 at $21.813 at
mid-morning on Thursday.
Good luck and good trading |
