Monday, March 06, 2006
Penton Leaps
On Friday, Penton's stock shot up 27%, on heavy volume, and ended the day at 71 cents a share, establishing a new high for the 52-week period. In fact, the last time the stock was this high was May 2004.
Penton's had a history of bizarre one day leaps, only to settle back the following trading day, so it will be interesting to see what happens today.
As you know from my prior disclosures, I own some Penton stock--now enough to buy two mocha lattes at Starbucks with a double shot, thanks either to:
1) Day traders
2) Some big news in the offing
3) Another anamoly
We'll see which is which soon.
Comments
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Penton's had a history of bizarre one day leaps, only to settle back the following trading day, so it will be interesting to see what happens today.
As you know from my prior disclosures, I own some Penton stock--now enough to buy two mocha lattes at Starbucks with a double shot, thanks either to:
1) Day traders
2) Some big news in the offing
3) Another anamoly
We'll see which is which soon.
