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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (1595)	8/4/1998 6:23:00 PM
From: Q.	Read Replies (1) \| Respond to of 2506

another oldie but goodie phone reseller was MCCI. Ticker symbol made it look almost like the giant MCIC. The stock was in the teens, with no hint of trouble, and it suddenly stopped trading and went BK one morning, when they announced they lost a suit with their supplier, Sprint. Seems Sprint thought MCIC wasn't paying its phone bills, and MCIC didn't have the cash. Anyway, researching these phone resellers calls for paying attention to some things I usually ignore, like the pending litigation.