reverse splits have become faves of mo-mo players... see FMDAD for the most recent other one, but there have been a bunch.
Thats not why I said "huh". Atari has always been a mo-mo, a reverse mo-mo that is. http://finance.yahoo.com/q/bc?s=ATARD&t=my&l=on&z=l&q=l&c=
When I first saw this on the top gainers list, I thought "Oh god...what is this..." Well, setting personal differences aside, I decided to take a closer look at the stock and I thought it was still horrible. My mouth opened thinking what has happened to the company that started the whole video game craze. Then I saw a few promising signs which are the following: Shares Outstanding: 13.48M Float: 6.52M then I saw this... Tue, Jan 9, 2007 ⢠ATARI INC Files SEC form 8-K, Regulation FD Disclosure EDGAR Online (Tue, Jan 9) ⢠ATARI INC Financials EDGAR Online Financials (Tue, Jan 9) ⢠Atari Ships 'Arthur and the Invisibles' PR Newswire (Tue, Jan 9) ⢠Atari Ships Pat Sajak's Lucky Letters Deluxe(TM) PR Newswire (Tue, Jan 9) Wed, Jan 3, 2007 ⢠Atari Shareholders Approve Reverse Split AP (Wed, Jan 3) ⢠Atari clears reverse split to prevent delisting at MarketWatch (Wed, Jan 3) ⢠Atari, Inc. Stockholders Approve One for Ten Reverse Stock Split PR Newswire (Wed, Jan 3) Tue, Jan 2, 2007 ⢠Vote: Who's Your Favorite Videogame Character? at Forbes.com (Tue, Jan 2) Thu, Dec 14, 2006 ⢠Financial Disaster Preparedness Motley Fool (Thu, Dec 14) ⢠Chasing The Dragon at Forbes.com (Thu, Dec 14) ⢠Cheating Is Good For You at Forbes.com (Thu, Dec 14) Mon, Dec 11, 2006 ⢠Vietnam's Growing Role in Outsourcing at BusinessWeek Online (Mon, Dec 11) Sat, Dec 9, 2006 ⢠The Market's 10 Worst Stocks at Motley Fool (Sat, Dec 9) Tue, Dec 5, 2006 ⢠Lexus IS 350 Earns a Ticket to Paradise in Atari Inc.'s Online Video Game: Test Drive Unlimited PR Newswire (Tue, Dec 5) Tue, Nov 28, 2006 ⢠Atari Wins 2006 InfoWorld 100 Award for Innovative Outsourcing Project PR Newswire (Tue, Nov 28) Tue, Nov 21, 2006 ⢠Video Game Experience Extended With all New Downloadable Content for Test Drive Unlimited PR Newswire (Tue, Nov 21) ⢠Atari Hands Over Spies to Retailers ... Like Totally!! PR Newswire (Tue, Nov 21) Fri, Nov 17, 2006 ⢠Atari Ships Dragon Ball Z(R) Game for Wii(TM) PR Newswire (Fri, Nov 17) ⢠ATARI INC Financials EDGAR Online Financials (Fri, Nov 17) Thu, Nov 16, 2006 ⢠[$$] Smart Sony PS3 plays more than games Short float with the reverse split. Headlines coming out all the time on videos. This might be a good stock to closely monitor, but of course, seeing a decline of over 10 years since 1998 with NO LET UP, I cant recommend this EVER as a hold unless you want to gamble.
Atari 2600 rocks, my brother and I put up $100 to buy it in what 82? Now he is a NASA rocket scientist and I am a lowly trader. Maybe it is trailing the apple 2e we bought in 83 or 84 for several thousand dollars. Buy atari!
Its not the video games that I hate, but management itself. They have been a failure for a long time and it started out in the late 70s with Steve Jobs. They could have owned half of Apple for $50,000, but they turned it down.
Okay, how about the atari 5200? Gotta give it props. When frogger came out? It was just like the arcade. You gotta buy atari!!!!! What would the $.25 a play of the 80's be today. There is no inflation!!!!!!