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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?


To: Andreas who wrote (1631)6/9/2000 11:25:00 AM
From: Andreas  Read Replies (1) | Respond to of 1911
 
ArthurTang and others;

How about some explanation as to the recent sell-off. Can $5.00 be that far off? In reading the posts in May and as recently as June 1 (last week) you'd think this stock was the greatest thing since sliced bread. Well, guess what? Since June 1, this stock has dropped 30%. In a year it has lost over 90%!!! Sure sounds like a winner to me. The sad thing is noone can explain it. Why down over $1.00 today?

Here's the answer - institutional ownership is being slashed. They know something you don't. If you do know then please share it.