Baloney. The pps started going up on Thursday because it has been artificially depressed for some time. It was plainly oversold and all indicators were that it was time for a run higher. Did you forget the strong buy rating just issued that same week? Also, the pps was depressed in large part based on continued attacks by Seth Jayson of Motley Fool. Even without the Russian deal, GTE should have been at much higher levels than sub $2.00 - that is a joke.
andtheretheygo - you could not be more wrong about Friday's action. Though the lawsuit release came AH, we were damaged severly AH. With the pps dropping to 1.46 in AH and on HIGH VOLUME (not little 100 BS trades). We started with a HOD around 1.91, and IMO it is very likely dropped through the day due to sellers and shorts aware that the lawsuit was coming out. A loss of almost .50 before GTE even put out their PR Monday morning.
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