SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (3708)1/12/1999 5:44:00 PM
From: Rock_nj  Read Replies (1) | Respond to of 122087
 
I can't think of them off the top of my head. But, I saw it happen twice last year. The stocks tripled the day before the symbol change. I'm not trying to convince you to buy anything, I'm only trying to gain information about the symbol change process and what it means to those that are short, so I can make an educated decision about taking a position in NM before the symbol changes to ETV.

The addition of a 5th letter like E or Q is a naming system that NASDAQ uses to indicate the status of a stock. It is not the tpye of symbol change that I'm referring to. I don't think the addition or subtraction of the 5th letter on a NASDAQ symbol causes a stock to be reissued. Therefore it does not affect the shorts.



To: Mama Bear who wrote (3708)1/13/1999 12:35:00 AM
From: chester lee  Read Replies (1) | Respond to of 122087
 
Barb,

Labor Ready recently changed its symbol from LBOR to LBR. I cover my short prior to the symbal change and did noticed that the stock price rebounded after I covered. I did NOT cover because of the symbal change. I cover because the market momentum had changed. Coincidence?? Who knows.

chester


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News