Here's a classic BW BS release:
biz.yahoo.com
Note this paragraph:
GS Telecom, Ltd., is ''standing on the shoulders of such giants'' in global-telecommunications as IBM (NYSE:IBM - news), Microsoft (Nasdaq:MSFT - news), Intel (Nasdaq:INTC - news), Dell (Nasdaq:DELL - news), America Online (NYSE:AOL - news), AT&T (NYSE:T - news), MCI/Worldcom (Nasdaq:WCOM - news), Compaq (NYSE:CPQ - news), Hewlett-Packard (NYSE:HWP - news), Sun Microsystems (Nasdaq:SUNW - news), Lucent (NYSE:LU - news), Cisco Systems (Nasdaq:CSCO - news), Advanced Micro Devices (NYSE:AMD news), Applied Material (Nasdaq:AMAT - news), Yahoo (Nasdaq:YHOO news), Lycos (Nasdaq:LCOS - news), Excite (Nasdaq:XCIT - news) and many others to change the landscape of computing, communications, entertainment ,and e-commerce.
Then look at the price and volume for the two days following this release. Somebody make some serious money out of this deal. I wonder if an investor who bought GARD based on this release might have a case against BW?
SYMBOL DESCRIPTION LAST CHG HIGH LOW VOLUME
GARD GS TELECOM LTD F 3.500 -.062 3.562 3.437 41,700
Quotations delayed 20 minutes during stock market hours
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
4/26/1999 3.562 3.562 3.562 3.375 24,800
4/23/1999 3.375 3.343 3.562 3.343 41,700
4/22/1999 3.375 3.375 3.562 3.343 79,100
4/21/1999 3.375 3.312 3.812 3.312 128,900
4/20/1999 3.375 2.937 3.500 2.937 65,200
4/19/1999 3.062 2.875 3.250 2.812 156,300
4/16/1999 3.250 3.375 3.562 3.250 38,000
4/15/1999 3.500 3.531 3.750 3.187 138,100
4/14/1999 3.562 3.375 3.750 3.281 99,400
4/13/1999 3.406 3.250 3.406 2.875 242,200
4/12/1999 3.312 3.687 3.781 3.218 607,300
4/09/1999 3.968 5.125 5.218 3.968 547,400
4/08/1999 5.187 4.687 5.625 4.125 459,100
4/07/1999 6.000 6.500 6.875 5.625 303,400
4/06/1999 6.437 6.000 6.500 5.937 668,100
4/05/1999 5.593 7.937 8.000 5.093 994,000
4/01/1999 7.937 9.000 9.312 3.625 2,168,500
3/31/1999 6.937 3.250 8.062 3.031 4,264,700
3/30/1999 2.250 2.187 2.437 2.125 375,700
3/29/1999 1.968 2.312 2.500 1.750 108,800
3/26/1999 2.312 2.906 2.906 2.187 242,900
|
