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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Rick Faurot who wrote (8652)2/17/1999 11:05:00 AM
From: Redhook  Read Replies (4) | Respond to of 43080
 
Wow, GBFE halted today.

Nasdaq seeks more information from Golden Books

WASHINGTON, Feb 17 (Reuters) - The Nasdaq Stock Market said on Wednesday that trading was halted in Golden Books Family Entertainment (Nasdaq:GBFE - news) and requested additional information from the company.

Officials from Golden Books were not immediately available for comment.

The company's stock rose 63 percent Tuesday from their Friday close before falling 26 percent below the Friday close within two hours. The stock was the Nasdaq's most active issue Tuesday after closing at 1-1/2 on a New York Times report that Disney (NYSE:DIS - news) could make a bid for it.

Nasdaq said trading will remain halted until Golden Books has fully satisfied its request for additional information