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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Nathan who wrote (9831)5/30/1998 11:34:00 AM
From: Susan Saline  Read Replies (2) | Respond to of 120523
 
>>>gambling...day trading
uh huh

BOST...will they pull the plug, and halt trading after you've filled at 1.50?

it could happen.....

Boston Chicken (BOST) fell 1 3/16 to 2 1/32 after its auditor warned that there is "substantial doubt" whether the fast-food chain will remain in business.See full story.
cbs.marketwatch.com

Currently the status on BOST, risk outweighs the reward
close at 2 1/32
if entry at 1.50 reward .75
if halted, risk 1.40 when it reopens as a bb stock at .10

JMHO

as AT would say BAWKK BAWKK

you see....I am trying to talk myself out of playing this <gggg>

keep us informed of entry, I am curious of the outcome

Sue



To: Nathan who wrote (9831)5/30/1998 11:51:00 AM
From: Wallace Rivers  Read Replies (2) | Respond to of 120523
 
Nathan;
You indeed may be nimble enough to play this game. I assume you must have access to RT info.
Admitting that I'm not usually a trader, I wouldn't consider trading in this issue . The auditors are throwing up a big, bright red flag. That's enough for me to stand clear. There are so many long time questions concerning their accounting practices that 11 is very real.
That being said, if there is some sort of positive news (highly unlikely IMO), there may be some sort of short squeeze which would give you said trading opportunity.
The crazy thing about this is that I like the concept and food, and I believe most people do. And I remember when, as a broker, this stock IPOd and people begged me for shares. Then it opened at some ridiculous level higher than the IPO price and my eyes nearly popped out of my head!
Good luck!