PPX: Labor Day Stock Closings
Three PPX propositions had an end date over the holiday weekend, and none of their criteria were met—all were delisted … Continued
Three PPX propositions had an end date over the holiday weekend, and none of their criteria were met—all were delisted at POP$0:
- TRANSF: This prop’s bargain basement price (rarely did it top POP$1 in the last few weeks) was an indication that it was doomed to fail. Both Spiderman 3 and Shrek the Third has larger U.S. grosses this summer.
- HIGAS: At the beginning of the summer, it seemed like we were headed toward this prop’s projected $3.50 mark for an average gallon of gas in the U.S. But since its peak at $3.18 in mid-May, abundant supplies of crude oil have kept prices down. The latest Lundberg survey, on August 24, put the average at $2.75 per gallon. HIGAS was halted with a value of POP$33.50, indicating some held on to the bitter end.
- SUBPC: Apple’s focus on the iPhone apparently left little time for developing a rumored ultra-mobile sub-notebook. The prop was halted at POP$25.75. The rumor mills are blazing with news of a touchscreen iPod, though. Will it happen?
