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...
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?
