Atari stock

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Article #39383

#39383

From: Jon.Webb
Date: Mon, 12 Jun 1989 00:44

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Does anyone know what's going on with Atari stock?  I bought some a few months
ago, thinking that if the PC Folio was as good as it appeared to be I'd be
able to afford one with my earnings, and it looks like my strategy is
really beinning to succeed.  Atari stock rose 7/8th of a point
both Thursday and Friday, not back considering it was at something like
6 1/4 Wednesday, and it was the third most actively traded stock on the
American Stock exchange this week.

My speculations; one of the following is happening:
1) A takeover is in progress.
2) The Federated legal situation was settled in Atari's favor.
3) Ditto for the Nintendo lawsuit.
4) Some major corporation or distributor purchased a whole lot of PC
   Folios.
5) Some stockbroker or person in a position of influence in the market
   saw the PC Folio, and maybe the Stacy, and is telling everyone to buy
   Atari.

-- J

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Path: arc1-ca.pugleaf.net!utzoo!attcan!uunet!cs.utexas.edu!rutgers!rochester!pt.cs.cmu.edu!andrew.cmu.edu!<UNAUTHENTICATED>+
From: Jon.Webb@cs.cmu.edu
Newsgroups: comp.sys.atari.st
Subject: Atari stock
Message-ID: <wYYkS0u00jukFp3GsO@cs.cmu.edu>
Date: 12 Jun 89 00:44:48 GMT
Organization: Carnegie Mellon, Pittsburgh, PA
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