alevin
01-29-2009, 11:16 PM
I've been out of touch the past several days, sure wish I'd had access to computer yesterday, I'd have sold my 25% C (real account) that I bought back at 870. Oh well, such is life. Meantime, back at the ranch.....things are getting more and more hairy. Be careful of the stocks you buy between now and April.
January 24, 2009
The New York Stock Exchange relaxed listing requirements at the world's largest equity market, reducing the minimum value for companies to $15 million following the worst year for US stocks since the Great Depression.
The reprieve, which lowered the requirement from $25 million, will last through April 22 for companies listed on the Big Board, the exchange said yesterday. About 12 companies will be immediately helped by the new rule, NYSE Regulation spokesman Scott Peterson said.
"The proposed modified requirement will enable these companies to remain listed in the current difficult market conditions with the prospect of a future recovery in their stock prices," New York-based NYSE Euronext said in a filing with the Securities and Exchange Commission (http://www.nypost.com/topics/topic.php?t=Securities+and Exchange Commission).
The Nasdaq Stock Market has suspended some listing rules since October. Nasdaq waived until April 20 its requirements that companies maintain a share price of more than $1 and a market value of at least $5 million.
The NYSE will still initiate delisting procedures for companies whose share price is below $1 for a month.
January 24, 2009
The New York Stock Exchange relaxed listing requirements at the world's largest equity market, reducing the minimum value for companies to $15 million following the worst year for US stocks since the Great Depression.
The reprieve, which lowered the requirement from $25 million, will last through April 22 for companies listed on the Big Board, the exchange said yesterday. About 12 companies will be immediately helped by the new rule, NYSE Regulation spokesman Scott Peterson said.
"The proposed modified requirement will enable these companies to remain listed in the current difficult market conditions with the prospect of a future recovery in their stock prices," New York-based NYSE Euronext said in a filing with the Securities and Exchange Commission (http://www.nypost.com/topics/topic.php?t=Securities+and Exchange Commission).
The Nasdaq Stock Market has suspended some listing rules since October. Nasdaq waived until April 20 its requirements that companies maintain a share price of more than $1 and a market value of at least $5 million.
The NYSE will still initiate delisting procedures for companies whose share price is below $1 for a month.