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


To: Rajiv who wrote (1599)8/4/1998 11:20:00 PM
From: drakes353  Respond to of 2506
 
Raijiv:

de-listing procedures have been initiated

To the victor go the spoils.

drakes353



To: Rajiv who wrote (1599)8/5/1998 3:46:00 AM
From: Q.  Read Replies (1) | Respond to of 2506
 
Rajiv, thanks for the EA news. The stock isn't shortable any more, of course, but this is certainly educational to see how the big board delists stocks. Two weeks notice is about two weeks longer than what NASD gives.

Back when I originally shorted EA, when their humongous discounted convertibles appeared, their filings already indicated that the NYSE was in contact with them over delisting for a low net tangible assets. Back then they were getting waivers. Guess the big board finally decided to dump them.



To: Rajiv who wrote (1599)8/5/1998 7:30:00 AM
From: RockyBalboa  Respond to of 2506
 
Done.
Finally it is dead, this dog. So I can delist it from my IAI list as well.

Thank you

Christian



To: Rajiv who wrote (1599)8/7/1998 10:29:00 AM
From: Q.  Read Replies (2) | Respond to of 2506
 
The news of EA's impending delisting knocked this stock down nearly 50%. Market cap is now 13 M. What an ugly scene.

Congratulations to everybody who stayed short this one.