Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Boob who wrote (7581)	8/27/1998 7:08:00 AM
From: Wayne Rumball	Read Replies (2) of 25711

Thanks for the warning. STRUD was also good for a laugh yesterday (not if you are a shareholder, however). First trading day after 1000:1 reverse split. Closed Tuesday at 0.18, opened yesterday at $2 x $275 2000 shares were sold at $3. Imagine, Tuesday those 2000 shares were 2 million worth 360,000, Wednesday they were worth 6000. Bid ask closed to $3 x $10 at one point yesterday, now $2 x $50 High for the year on this thing now translates to $6500/share Management sure has some splainin to do.

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