SCO question (Stock Price) (thread now probably moving OT)
KRFinch at dstsystems.com
KRFinch at dstsystems.com
Fri Mar 12 16:25:46 CST 2004
I wouldn't put a lot of money in it.
We tried doing this in our investment club with one of our suppliers. We
figured they were a bargain at $12 since they had been trading around $40,
so we bought a bunch of shares. First they didn't make estimates and
dropped to $4, and then they had another bad quarter and dropped to under a
dollar and got delisted. They ended up doing a 1 for 10 reverse split to
try to get their share price up and get listed again.
We finally sold what we had for around $4 per share, but thanks to the
split we only had a tenth as many shares as we had initially bought at $12.
After the trade fees, we probably lost more than 95% of the money we had
invested.
That was back in 2001, and now they are trading around $18, so even if we
had held onto it, we would have lost money. Lesson learned: only buy
shares at bargain prices if you are pretty sure they will go up again.
- Kevin
Zscoundrel
<Zscoundrel at kc.rr
.com> To
Sent by: kclug at kclug.org
owner-kclug at kclug cc
.org
Subject
Re: SCO question (Stock Price)
03/12/2004 09:55
AM
Please respond to
Zscoundrel at kc.rr.
co
But buying them at penny stock prices is much better than buying them
when they 'claim' to be a viable company.
I doubt that M$ would let the stock get to penny status. They have a
vested interest in maintaining control. So. . . hmmm . . . that DOES
give me an idea. . . . (evil chuckle) . . . . .
If the stock does get close to penny status, we will have to talk.
Perhaps we need to form an investment group. I see a way to do a little
commerce and make a little profit from the evil empire if things shake
out properly.
lerninlinux at comcast.net wrote:
>The purchasing is what SCO wanted from IBM in the first place. IBM said
no thanks, we tried OS/2 and learned. So SCO try 2, if we sue they will
buy us as a settlement. Now with all the other stuff happening, I was
hoping to see the stock drop to penny status, then the Lug's, FSF, OSDN,
and a few other groups could buy the stock in mass. Fire the board and
open it up. Still would have a few licensing issues, but since Novell
bought Suse, I think they could be resolved.
>
>just my .02
>
>
>>Oh, they will find him guilty. The Feds made too big a deal about
>>nailing him in press conferences to back down now. He may actually
>>spend a little time at some federal minimum security country club
>>playing golf and writing a book, but he won't get anything near what he
>>deserves.
>>
>>I doubt anything will happen to Sprint. Esrey bailed and reportedly has
>>cancer, so I doubt anything will happen to him, even though he was just
>>as involved in the dirty dealings as Ebbers. Meanwhile, the FON/PCS
>>stock price continues to SUCK!
>>
>>Unfortunately, the entire market is down hard this week. It is not just
>>SCO, although a bond rating drop will hammer share prices! Couldn't
>>happen to a nicer company! (WAA HAA HAA Haaa!)
>>
>>Perhaps all the companies that have been sued by SCO should combine
>>legal funds and just BUY the stinking company, break it up, and convert
>>any valid licenses - IF there are any - to open source! At least there
>>would be SOME good come out of all this.
>>
>>They should also publicly black list the employees that were involved in
>>the dirty dealings!
>>
>>Michael Shaw wrote:
>>
>>
>>
>>>I'm cynical enough to believe it's going to have to get a whole lot
colder
>>>in hell before Mr. Ebbers and those of his ilk recieve their just
rewards at
>>>the hands of our legal system. Won't happen in my lifetime anyway.
>>>
>>>Michael Shaw
>>>(816)525-2794
>>>dbwizzard at kc.rr.com
>>>
>>>
>>>----- Original Message -----
>>>From: Brian Kelsay <BLKELSAY at kcc.usda.gov>
>>>To: <kclug at kclug.org>
>>>Sent: Thursday, March 11, 2004 10:22 AM
>>>Subject: RE: SCO question (Stock Price)
>>>
>>>
>>>
>>>
>>>
>>>
>>>>>>>"Brian Densmore" <DensmoreB at ctbsonline.com> 03/11/04 10:01AM >>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>><snip>
>>>>
>>>>
>>>>
>>>>
>>>>>In addition to the fact that it looks as though they are under
>>>>>
>>>>>
>>>>>
>>>>>
>>>investigation by the SEC >and that even Business Week is starting to
pick up
>>>on the shady goings on. I give SCO >months to live, not years. I'd say
by
>>>July, September at the latest SCO will be out of >business, and
hopefully
>>>some of it's officers in the criminal courts system (wishful >thinking
on
>>>the criminal charges I know).
>>>
>>>
>>>
>>>
>>>>--------------------------------------------------------
>>>>
>>>>Well, they are going after Bernie Ebbers of Worldcom, Martha Stewart
and
>>>>
>>>>
>>>>
>>>>
>>>the Enron boys. I can't wait til they hoist these guys up for public
>>>ridicule. And Sprint can't be far behind.
>>>
>>>
>>>
>>>
>>>>Brian Kelsay
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>
>>>
>>>
>>>
>>--
>>If you examine how Bill Gates funded research into solving the social
issues he
>>is concerned about las year, you would notice that he is 14 times more
concerned
>>about the global threat of Linux than he is about AIDS.
>>
>>This is understandable when you consider the method of transmission. I
suspect
>>Bill is probably much more likely to get Linux than he is to get AIDS!!!
After
>>all, you can download and install Linux by yourself!
>>
>>
>>
>>
>
>
>
--
If you examine how Bill Gates funded research into solving the social
issues he is concerned about las year, you would notice that he is 14 times
more concered about the global threat of Linux than he is about AIDS.
This is understandable when you consider the method of transmission. I
suspect Bill is probably much more likely to get Linux than he is to get
AIDS!!! After all, you can download and install Linux by yourself!
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