stock is at about a cent... i remember worldcom was at a cent then it went up to like 11 cents... what do you guys think? is metromedia likely to be granted chapter 11 protection?
Metromedia stock? I'm gonna get rich quick!!! :D
- Thread starter gopunk
- Start date
bump...
seriously... i've got a thousand in an investment account that i can use... if i can get it at 1 cent (closed at .011 today) and if it goes up to 2 cents (today's high), i'll have 2000 (ibm t-series, here i come!!!)! i can put in limit orders to make sure i get these prices... what do you guys think... obviously there is some risk involved, goddamn that's a big return
i don't think it is that risky besides... it's been steadily hovering around this region for a while now...
seriously... i've got a thousand in an investment account that i can use... if i can get it at 1 cent (closed at .011 today) and if it goes up to 2 cents (today's high), i'll have 2000 (ibm t-series, here i come!!!)! i can put in limit orders to make sure i get these prices... what do you guys think... obviously there is some risk involved, goddamn that's a big return
i don't think it is that risky besides... it's been steadily hovering around this region for a while now...Just think it could go to 5 cents and you'd be up to $5000 in no time flat. After that, it will probably jump to about $3.12 and then you'll be rolling in cash.
GoodRevrnd
Diamond Member
- Dec 27, 2001
- 6,801
- 581
- 126
bah. i don't think 2 cents is very unreasonable. 5 cents is pushing it, 3.12 is out of the question seeing as the year high was a whooping 75 cents.
there's a bigger possibility it's going to go down. there was the announcement 3 minutes before closing of possible violations to the doj and sec...
well i'm just dabbling.... i'm nervous... i mean this is all the money i have...every penny of it is expendable though, i have no pressing financial obligations, so i can afford to take this risk. but i look at what worldcom did and i don't think i really want to miss out on another situation like that. i only made like 100% profit off worldcom when it jumped to 22 cents recently
yea that's true... i guess i'll wait to see if it goes down even more. eh i already put in a limit order for my roth ira... oh well. it was only 70 bucks worth for that one
iamwiz82
Lifer
- Jan 10, 2001
- 30,772
- 13
- 81
SOUTH BURLINGTON, Vt., Nov 26, 2002 (BUSINESS WIRE) -- The law firm of Johnson & Perkinson ("J&P") announces the deadline for filing motions for lead plaintiff in lawsuits on behalf of all those who purchased Metromedia Fiber Network, Inc. ("Metromedia") (NASDAQ: MFNX) common stock between November 25, 1997 and July 25, 2001, inclusive (the "Class Period") is December 6, 2002.
The Complaint, pending in the United States District Court, Southern District of New York, alleges that Defendants violated the federal securities laws by issuing analyst reports regarding Metromedia that recommended the purchase of Metromedia common stock and which set price targets for Metromedia common stock, without any reasonable factual basis. The complaint further alleges that, when issuing its Metromedia analyst reports, Defendants failed to disclose significant, material conflicts of interest which it had, in light of Defendants' Metromedia reports, to obtain investment banking business for Defendant Salomon Smith Barney ("Salomon"). Furthermore, in issuing Metromedia reports, in which it recommended the purchase of Metromedia common stock, Defendants failed to disclose material, non-public, adverse information which they possessed about Metromedia. Throughout the Class Period, Defendants maintained a "BUY" recommendation on Metromedia in order to obtain and support lucrative financial deals for Salomon. The Class Period begins on November 25, 1997 the date when Salomon "initiated coverage" of and issued their first report on Metromedia. The Class Period ends on July 25, 2001, the date Defendants belatedly downgraded Metromedia from a "Buy" to a "Neutral."
The deadline for moving to be appointed as Lead Plaintiff in this action is December 6, 2002. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Johnson & Perkinson, or other counsel of your choice, to serve as your counsel in this action. You may review the Complaint and/or sign up as a proposed Lead Plaintiff by visiting the firm's website at http://www.jpclasslaw.com. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, please contact Dennis J. Johnson, Esquire or James Mackall, Esquire at Johnson & Perkinson, 1690 Williston Road, South Burlington, Vermont 05403, toll free at 1-888-459-7855 or via e-mail at JPLAW@adelphia.net.
Johnson & Perkinson is a litigation boutique dedicated to maximizing shareholders' returns and keeping the lead plaintiffs involved in the litigation. Members of the firm have prosecuted complex class actions on behalf of plaintiffs in the areas of securities and consumer fraud since 1985. Based in South Burlington, Vermont, the firm has prosecuted leading actions on behalf of defrauded investors against numerous public companies resulting in the recovery of many millions of dollars and has been singled out for its excellence by various courts. The firm is currently lead or co-lead counsel in securities class actions pending against Xerox, Priceline, Nortel, Allaire, and Exchange Applications.
The Complaint, pending in the United States District Court, Southern District of New York, alleges that Defendants violated the federal securities laws by issuing analyst reports regarding Metromedia that recommended the purchase of Metromedia common stock and which set price targets for Metromedia common stock, without any reasonable factual basis. The complaint further alleges that, when issuing its Metromedia analyst reports, Defendants failed to disclose significant, material conflicts of interest which it had, in light of Defendants' Metromedia reports, to obtain investment banking business for Defendant Salomon Smith Barney ("Salomon"). Furthermore, in issuing Metromedia reports, in which it recommended the purchase of Metromedia common stock, Defendants failed to disclose material, non-public, adverse information which they possessed about Metromedia. Throughout the Class Period, Defendants maintained a "BUY" recommendation on Metromedia in order to obtain and support lucrative financial deals for Salomon. The Class Period begins on November 25, 1997 the date when Salomon "initiated coverage" of and issued their first report on Metromedia. The Class Period ends on July 25, 2001, the date Defendants belatedly downgraded Metromedia from a "Buy" to a "Neutral."
The deadline for moving to be appointed as Lead Plaintiff in this action is December 6, 2002. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Johnson & Perkinson, or other counsel of your choice, to serve as your counsel in this action. You may review the Complaint and/or sign up as a proposed Lead Plaintiff by visiting the firm's website at http://www.jpclasslaw.com. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, please contact Dennis J. Johnson, Esquire or James Mackall, Esquire at Johnson & Perkinson, 1690 Williston Road, South Burlington, Vermont 05403, toll free at 1-888-459-7855 or via e-mail at JPLAW@adelphia.net.
Johnson & Perkinson is a litigation boutique dedicated to maximizing shareholders' returns and keeping the lead plaintiffs involved in the litigation. Members of the firm have prosecuted complex class actions on behalf of plaintiffs in the areas of securities and consumer fraud since 1985. Based in South Burlington, Vermont, the firm has prosecuted leading actions on behalf of defrauded investors against numerous public companies resulting in the recovery of many millions of dollars and has been singled out for its excellence by various courts. The firm is currently lead or co-lead counsel in securities class actions pending against Xerox, Priceline, Nortel, Allaire, and Exchange Applications.
iamwiz82 - yea i know all that good stuff... but i'm not really worried about any long term thing. long term i won't be holding anyways because the stock will probably end up being worthless due to creditors. i'm just going to set a sell price (2 cents) and stick with it
iamwiz82
Lifer
- Jan 10, 2001
- 30,772
- 13
- 81
That was released today though. My guess(which is as good as a chimpanzee's) is that its gonna drop tomorrow. Seeing as how the price changes by .002 today, you wont be seeing a 1 penny jump. Maybe half a penny, but not a penny. Either way, thats a 50% ROI. Not my cup of tea, though. I'll stick to betting on the Superbowl theory!
Originally posted by: iamwiz82
That was released today though. My guess(which is as good as a chimpanzee's) is that its gonna drop tomorrow. Seeing as how the price changes by .002 today, you wont be seeing a 1 penny jump. Maybe half a penny, but not a penny. Either way, thats a 50% ROI. Not my cup of tea, though. I'll stick to betting on the Superbowl theory!
yea you're right. dammit. i need another worthless stock to get rich off of now
actually half a penny wouldn't be bad. btw the reason i was thinking 2 cents was because the high today was 2 cents (i think).I like to see the broker that takes that order
maybe if you trade regularly but a one time deal, most brokers won't do it...
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