Copied this from the DJ after the bell. This just shows that the M/M don't know anymore than we do. Or does it? Options/inside info/a big nono. Hmmmmmmm. The following comment about Arakis Energy would cover a few bases, would it not?
=Arakis Energy, U.S. Robotics Most Active Shares After Close
NEW YORK (Dow Jones)--With few shares trading on corporate developments in after-hours
dealings today, the most-active stocks following the close were of two companies that
have released no major news over the past few days - Arakis Energy Corp. (AKSEF) and U.S.
Robotics Corp. (USRX).
Arakis Energy shares were trading heavily earlier at 5 and 5 1/16, one trader said.
The stock gained 15/16, or 22.4%, to end at 5 1/8 during regular trading hours.
With no news from the Alberta-based gas company or from analysts to account for the
activity, the trader noted that ''this stock tends to move rumor.''
U.S. Robotics was also trading heavily after the close even though the Skokie, Ill.,
maker of modems and networking products has released no news.
The stock closed at 71 3/8 and was changing hands after hours at 71 3/8.
Finally, Chiron Corp. (CHIR) shares rose slightly on the company's third-quarter
earnings of 7 cents a share, which compared with a loss of 90 cents on charges last year.
First Call had predicted the Emeryville, Calif., pharmaceutical company would earn 6
cents in the latest quarter.
The stock ended at 19 1/4, but traded at 19 1/2 affter the close.
(END) DOW JONES NEWS 10-24-96
5:58 PM |
