Investing
The 52-Week Low Club (GM)(C)(GS)(EBAY)(NT)(CC)(NYT)(TSCM)
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GM (GM) plunges on concerns about Chapter 11. Falls to $3.02 from 52-week high of $32.80.
Citigroup (C) get caught in fears that big financials will have to raise more money. Sells down to $11.05 from 52-week high of $37.50.
Goldman (GS) gets pushed down on same fears. Dips to $68.51 from 52-week high of $240.05.
Ebay (EBAY) shows the internet and e-commerce are not escaping the recession. Runs off to $13.38 from 52-week high of $35.12.
Nortel (NT) announced big losses and big job cuts. Moves down to $.90 from 52-week high of $19.42.
Circuit City (CC) goes bankrupt and falls to $.11 from 52-week high of $8.24.
The New York Times (NYT) takes big write-offs from falling value of assets. Drops to $8.62 from 52-week high of $21.14
TheStreet.com (TSCM) still dropping for a poor quarter. Sells off to $3.35 from 52-week high of $16.74. May be time to go private.
Douglas A. McIntyre
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