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Monday, July 20, 2009

Twisted Sister!


Anyone see the action in Harmon today? I wrote about it Thursday morning, noting the peculiar action in the stock.

Today it got even weirder!

Supposedly, an investment group in Kuwait, (which doesn't have any stock market regulator) faxed over a bid for Harmon at $49.50. The group, APG (Arab Peninsula Group) was non-existent, but the prices that you could of gotten were real!

The stock traded as high as $38 in the pre-market.

It closed trading today under $21.

It looks like Textron finally found it's twisted sister!

But the boys in Kuwait did one heck of a job.

After all, aren't tracks 5 & 6, I Wanna Rock The Price?

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