Syntax-Brillian Corporation Bankrupt

Wow, the media didn't say anything about this yesterday. Just checked what the stock was trading at and was surprised to see it worthless.

http://phoenix.bizjournals.com/phoenix/stories/2008/07/07/daily20.html?ana=yfcpc

~600 million to 0 in less than a year

 

I remember how so many played this looking for a massive short squeeze.

There used to be a guy on ET who kept track of massively short stocks that were being driven to the ground by naked shorts. This was one of them.

Gotta ride the wave with those guys. These stocks seldom ever make it back.

 

i remember in 2001 summer when all these public listed internet stocks started to go chapter 11.

I mean these stocks were never about investing but about dumping the shares to the public and than shutting down the business.

 

i'm sure the market maker of that stock made a couple of millions ipo that stock.

 

the owners and market makers were probably shorting this stock from day one it ipo.

it was no short squeeze but to get buyers in...