Baldwin's last gasps?

[Clyde Hollinger]

I'd never put money in anything this risky, but it does remind me of a local
company whose stock went down from over $20 to 96 cents on December 4.  Five
weeks later it was selling over $4.50.  (It closed today at $3.40.)  If
anyone actually bought on 12/4 and sold at exactly the right time (extremely
unlikely, of course), they could have more than quadrupled their money in
that five weeks.  My stomach isn't strong enough for those odds, though.

Regards,
Clyde

Robert Goodale wrote:

> That's what stock shares are for.  Current value today: $1.93/share from
> it's $7.50  52 week high, over 25% of which was lost in a single day of
> trading.  Doesn't sound like a company I'd want my money in.
> $1.93/share is barely enough to remain on the stock exchange.  Not much
> lower and it will be removed from the big board.  Sounds like a spiral
> downward to me.