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Thats the latest rumor, I expect we’ll have confirmation one way or the other in a matter of hours. If $20 is the real number, that’s another 25% below the LOW that BSC traded at on Friday. I don’t know if an uglier chart exits.
- John
March 16th, 2008 at 9:43 pm
And that would be $2 a share…and apparently 1/3 of the stock is owned by insiders - sounds like an Enron part 2.
March 16th, 2008 at 10:08 pm
Just a stunning collapse. The risk management at some of these legit firms is just insanely poor. Foolish. I feel sorry for the innocent and decent employees whose job security will be extremely tenuous going forward.
March 16th, 2008 at 10:23 pm
Puts could have been bought on Thursday for 0.60 cents - traded $8 on Friday - I can’t imagine what they’ll be worth on Monday.