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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (7585)8/27/1998 8:40:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 25711
 
Closed Tuesday at 0.18, opened yesterday at $2 x $275
2000 shares were sold at $3. Imagine, Tuesday those 2000 shares were 2 million worth 360,000, Wednesday they were worth 6000.
Bid ask closed to $3 x $10 at one point yesterday, now $2 x $50

When I first read that, I thought perhaps Wayne, you had forgotten some zeroes and/or decimal points.

Forget the "esplainin", management should be held without bail.

That is a disgrace.

TG



To: Wayne Rumball who wrote (7585)8/27/1998 9:31:00 AM
From: Boob  Read Replies (2) | Respond to of 25711
 
Yes, STRUD was on my watchlist.....I was thinking the bid would open at $50 (short) or so but instead the most an MM was willing to pay for shares was $3 (equivalent to .003 pre-split)....I feel sad for the shareholders of that stock as that split was just sprung upon them (no news or anything before last night)

Truly a sad situation, but yes, fun to watch nonetheless :-)

Boob


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