SAY down 87%

Discussion in 'Stocks' started by jmoo, Jan 12, 2009.

  1. jmoo


    I'll admit it's a gamble trade, but an NYSE stock down 87% I have to bite on a little.

    What do you guys think?
  2. I take it you don't read the news.
  3. wave


    Should shoot right to 12-18 at minimum.
  4. JamesJ


    can't trade it on IB. "contract can only be closed"...

    dead cat bounce
  5. jmoo


    I did read the news and I am watching it go higher
  6. JamesJ


    it trades big time below Indian Prices, i would suggest the price it traded in BOmbay this morning is equivalent to around 1.80-2$

    the math:
    india before mess: 175
    india after mess: 35
    -> -80%

    US before mess: 9.5$
    -> after mess should be: 1.90$...

    however, the US market is probably better in finding the fair value
  7. TOS rejected my buy request and has the stock listed as hard to borrow. I'm not sure where the action is with this company.

    On a side note, you guys think I should get in with Bernie Madoff's fund? I heard he finally has a few openings available.
  8. it may be a good buy like ASK jeeves back in 2002
  9. ganesh6


    what happened to ASK jeeves back in 2002 ?

  10. stock fell to 80 cents and eventually rebounded to $40 by 2004
    #10     Jan 12, 2009