InvestorsHub Logo
Followers 0
Posts 668
Boards Moderated 0
Alias Born 10/18/2010

Re: idkmybffjill post# 5194

Wednesday, 08/24/2011 3:20:17 PM

Wednesday, August 24, 2011 3:20:17 PM

Post# of 6835
Mario Mendoza played shortstop for the Seattle Mariners for a couple seasons. It was always a major accomplishment for him to get his batting average up to .200. A .200 batting average became known as the "Mendoza Line". You either batted above the Mendoza Line, or below. When a good hitter started the season out slow, and finally, by mid May or so, got his average over .200, the joke was he finally got over the "Mendoza Line".

The Mendoza Line for CSKH is 2 cents, and since it quite often trades in hundredths of a penny, we can call the Mendoza Line, for this stock, .0200. A .200 batting average in baseball is abismal, as is a 2 cent share price for a company.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.