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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (851)	3/17/1998 10:02:00 PM
From: routzm	Read Replies (2) \| Respond to of 34592

Curious..is this you??? FYI: Excerpt.. "On Tuesday, November 4, retailer and recent initial public offering Big Dog Holdings (Nasdaq:BDOG - news) had a dog day afternoon, falling from $14 1/16 to a low of $11 before ending the day at $11 5/8. A week later, the stock has dropped a couple more bones, hitting an all-time low of $9 3/4 this past Tuesday. Such movement isn't surprising in this volatile market,especially for a small-cap stock that has just reported earnings. Yet there would appear to be a shaggy story behind this dog, a story that might benefit both short-sellers and investors interested in initial public offerings (IPOs). Big Dog had reported what appeared to be good third quarter results days earlier on Oct. 30. The firm had a good response to its fall merchandise. Earnings of 15 cents per share were 114% ahead of year-ago numbers and in line with analyst estimates. A Reuters report said the stock actually rose $1 to $15 a share in after-hours trading (though it traded between $14 1/8 and $14 3/8 the next day). The only additional news following that Thursday night earnings report came the following Tuesday afternoon when Bloomberg reported that two of Big Dog's underwriters had reiterated their "buy" ratings. This ostensibly good news was apparently anything but. Indeed, these recommendations were a sign that the stock was headed for the doghouse. Big Dog went public on September 26th at $14 a share. It first barked open at $15 1/2, but it has never seen that price since,closing that first day back at $14. In the world of IPOs, this was a bad start. Only clo... this goes on......