Reverse Speeding Tickets

• 7 November 2006

• #1

MichaelD

Not fooled by randomness

Joined

7 December 2005

Posts

912

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2

Yes, it does happen. I've only ever seen speeding tickets for stocks that go ballistic, but sure enough the ASX do send reverse ones out to companies that fall for no good reason - IWF scored one for going from $2.23 on 31st October to $1.90 on 7th November.

Doesn't seem that dramatic a fall to me, but there ya go.

 

• 7 November 2006

• #2

N

nizar

Joined

5 January 2006

Posts

4,461

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1

I've seen one of these also - but only one. Cant remember which stock it was though. They gotta be fair I guess. Its actually more acceptable to do this than to issue a speeding ticket, in my opinion.

 

• 7 November 2006

• #3

K

kevro

Joined

1 April 2006

Posts

239

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1

Hope I never have a stock that scores a reverse speeding ticket. Oh the shame of it