salon.com at 16 cents a share and going down

etrade ^ | 10-03-01 | bootyist-monk

[bootyist-monk]

Sorry for the vanity, but this is just too tasty. I get real-time quotes, and watch salon.com. Now at 16 cents a share. It appears to be in a free-fall now, losing 3 cents since this morning with the most shares I've seen traded in weeks. Somebody is bailing out bigtime.

Now the question. To buy 20 shares of salon.com or get a grande latte at Starbucks. Hmmm...

[Always Right]

Just yesterday Salon.com announced they were going to start charging their customers (all 5 of them) for accessing content. Sounded like a real winning idea, huh?

[RooRoobird14]

What EXACTLY are they paying that Major League CLYMER Jake Tapper with??? I would love to see that little puke out of a job......

[Constitution Day]

Aw, hell... Go crazy - buy 100 shares! A CD is still more expensive.

[Billthedrill]

It is small-minded and mean-spirited to gloat over the downfall of an ideological foe.

BUWAHAHAHAHAHAHAHAHAHA!!!

So call me small-minded and mean-spirited...

[Rodney King]

They have proposed to charge for their politcal content. Now they are going to lose their last couple of hundred readers.

[SamAdams76]

Great news. Now when a panhandler asks me for a buck, I can give him five shares of Salon and still have a dime left over.

[ken5050]

FYI..SALNC is delisted..on the pink sheets.....ergo, there's no market..only a few shares traded daily..so the spread will therefore be bigger...actually, on the pink sheets, the NASDAQ rules of fair practice re mark-ups don't apply....the B/D's are really just doing the customer a favor....at any price.....

[AppyPappy]

They are going to charge $30 a year to read content. How many shares of stock is that? 200?

[Azzurri]

Now the question. To buy 20 shares of salon.com or get a grande latte at Starbucks. Hmmm...

I don't think it makes a difference. Either way you'll be pissing your money down the toilet.

[Anitius Severinus Boethius]

How many shares would be needed to be a majority share holder in the company?

[concerned about politics]

Wow. Total bummer, eh?
Bwahahahahahahaha.AHHHHHHhahahaha.
Oh, gee, how insensitive of me.

[LurkedLongEnough]

Get the latte and smirk in glee with the rest of us.

[ken5050]

There's a strong rumor that USN&WR will shut down at year's end...the advertising market is terrible, and the bid advertisers used to buy all three of the newsmags..now they're only buying Time and Newsweek...thus..bye-bye---USN&WR.......hope someone picks up John Leo....

[bootyist-monk]

Yes, I know. Yesterday, 3400 shares traded all day, which has been about average. Today, over 8500 shares with a 3 cent loss. I know we are just dancing on their grave, but aint it fun?

[LarryLied]

These people have billions to burn.

[bootyist-monk]

According to the profile on etrade, there are 1.1 million public shares.

[Right Wing Professor]

To buy 20 shares of salon.com or get a grande latte at Starbucks. Hmmm...

Buy the latte. It'll last longer

[RooRoobird14]

From CNN:

Through June 30, the company (Salon) had accumulated losses of $68 million since its inception in 1995. Salon has told investors it hopes to break even within the next two quarters

Let's see, they've been in business for six years and have lost $68 million dollars. And they plan on "breaking even in two quarters? BWHAH-HAH-HAH-HAH!!!!

[Anitius Severinus Boethius]

Geez! For $88,000.16 someone could control Salon.com. It would be true irony if a group of Freepers bought control of the company that despised us so much.