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Non-Tech : pamc
PAMC 45.73-0.7%Oct 30 5:00 PM EST
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To: Steven M. Kaplan who wrote (57)8/26/1998 10:12:00 AM
From: port_mgr  Read Replies (1) of 570
 
Very interesting trading this morning. Somebody, for whatever reason, sold 7,600 shares before the market opened at an 1/8 discount to the bid price. It was later put out to someone else with a 1/16 credit. Now the bid is higher than it was on yesterday's close and the offer is back to $6 1/8.

While this is just one snapshot, it coincides with my impression that while the delisting certainly sucks, it has had the odd effect of moving stock into the hands of people who want to own this company for a long time.

I also suspect that someone knows about news on the way, etc., considering there are buyers around willing to own the stock that does get sold.
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