Not many trades were made around $2 and the ones that did were probably amongst the market makers as they adjusted the price to compensate for the dividend. So the winners are going to be the long term holders of SOWK. There are those that bought under $2 Wednesday and sold at $3 or better Thursday and made money however gave up the 4 extra shares they would of been entitled to had they held ,which in the long run (or short term being an internet stock)will make their short term gain not such a good trade in comparison.Take ColinD who says bought at $2 1/8 and on and sold for $3 1/2 giving up the dividend shares, then has the nerve to slander T.A.P. in the same post.
"Let the stock price speak for itself TAP and the scam artists that you are. :o) But thank you very much anyway..in at 2 1/8 out a 3 1/2..I learn quickly...when is the next one TAP I can't wait
ColinD
$1 3/8 pre-tax profit, not bad for a day trade but had he held and received the 4 extra shares he would now have 5 times the shares at 1 x 1 9/32 which equals $5 pre-dividend adjustment.So Mr.ColinD's short term pre-tax 65% gain would of been 135% Friday and anyones guess tomorrow or 3,6 to 12 months from now.I can't for the life of me see why anyone would give up 4 additional shares in an Internet stock, in same industry as CDNW & KTEL (without the huge losses and debt these companies have to date),yet with the unique product line and marketing SOWK has going for it.http://www.soundworks.net Amazon.com
Barnes&Nobles.com and direct TV adds which now sell current inventory and will soon be selling CD's of the most popular Basketball Legend to ever play the game, not to mention the other soon to be releases from SOWK vast library, Clinton, Sinatra & Hendrix to name a few.I don't know what school some the posters on these threads went to or what kind of egg they hatched out of but it boggles the mind when you read some of the assumptions,outright slanderous remarks,misleading statements and bonehead trades some of them make without any evidence of research on their part,on companies they post about.
members.xoom.com Join Free! |
