Can anyone explain why GADZ (Gadzooks) filed Chapter 11 yesterday... stock drops over 50%... recovers to approx 75% of prev. close... and now is above the open from yesterday morning? Is there a little dirty work going on here or is it just me?
KB
Posted by KB on :
Anyone?
Posted by blackice318 on :
Simple answer.
Stocks that filed Ch. 11 do what they call a dead cat bounce.
Posted by glassman on :
Guess?--they have assets that somebody is buying cheap--watch out!!!!!maybe new storenames and co name --just guess---
Posted by blackice318 on :
Usually that is, there dangerous but big profit plays when the bounce.