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Author Topic: GADZ... explain?
KB
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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


Posts: 20 | From: Asheville, NC, US | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
KB
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Anyone?
Posts: 20 | From: Asheville, NC, US | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
blackice318
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Simple answer.

Stocks that filed Ch. 11 do what they call a dead cat bounce.


Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
glassman
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Guess?--they have assets that somebody is buying cheap--watch out!!!!!maybe new storenames and co name --just guess---
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blackice318
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Usually that is, there dangerous but big profit plays when the bounce.
Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
   

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