Jakester

Great Atlantic & Pacific Tea Company: Perplexing Freefall

The fact that GAP is back down to the lows reached on Friday doesn't bode well. If the Tengelmann interests aren't grabbing every share they can get at this price, the above poster may be on to something...

Great Atlantic & Pacific Tea Company: Perplexing Freefall

I think that the SEC's huge mistake of doing away with the uptick rule has a large part in this sort of thing also. The uptick rule has to be restored!

Creeping Takeover at Great Atlantic & Pacific Tea?

If you think trading was odd in late July, check out what happened today! The stock in an otherwise neutral market and with no apparent news drifted down slowly from 14 to 12. When it hit 12 with about twenty minutes to go in the trading day, it cratered to as low as 9.60! That was a 30% intra-day drop. You gotta love the SEC for doing away with the uptick rule on shorting. This is exactly the sort of manipulation it has led to. Nice work SEC.