Kip Powick Posted April 10, 2003 Share Posted April 10, 2003 It would seem, pure speculation mind you, that Ms. Piggs glaring headline may have had a negative effect on the stock....17 Million shares traded. Link to comment Share on other sites More sharing options...
Guest Retyred Posted April 10, 2003 Share Posted April 10, 2003 Kip- I think you give far too much credence to Ms. Piggs article, not everyone counts on the Stars staff writers for investment advice. Far more poignant, I believe, is the fact that when the stock was trading yesterday at $1.60, it was vastly overpriced. For three days in a row the stock was heavily promoted ( our friendly brokers doing what only they do best ). A lot of stock was laid off on the unsophisticated and today is just the beginning of the bloom coming off the rose, or call it reality if you will. As you are probably well aware, shareholders in CCAA proceedings fare very poorly and are generally wiped out, there's very little reason why they won't be subjected to the same outcome here! The stock should continue to backpedal over time. Link to comment Share on other sites More sharing options...
Guest lowflier Posted April 11, 2003 Share Posted April 11, 2003 This article from Globeinvestor would tend to agree: Link to comment Share on other sites More sharing options...
Tango Niner Posted April 11, 2003 Share Posted April 11, 2003 Not to mention the simple mathematical truth: When a stock is trading at an average price of around a buck, a change of even a few cents creates a huge percentage difference. Climbing a dime from 90 cents to a buck = 11% increase. Climbing a dime from $15.90 to $16.00 = 0.6% increase. Cheers T9 Link to comment Share on other sites More sharing options...
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