Monday, July 25, 2011

AFFIQ - Soars On 'Q' Removal

No news, no filings since 2008, yet today AFFIQ soared well over 1,000%. Why? Because this stock tomorrow is losing its Q. It doesn't happen often and traders were scrambling today after 1PM to scoop up shares of this stock to see what happens tomorrow and down the road.

For those that don't know a 5th letter of Q for a stock ticker means the stock represents a bankrupt company and more often than not the stock is worthless. It is rare for a Q to get removed without common stockholders getting removed as well. With AFFIQ we could be seeing the common stock holders getting rewarded for their patience.

1 comment:

stock said...

Best stock news. I read & appreciated.