Our club holds a stock, Dynacq Healthcare (DYII), that has
been slowly getting negative news of late. This had been a
darling find of ours having gone from our purchase price of
$13 per share to nearly $26 in less than 3 months. At that
time we looked at an new SSG and decided the stock was still
a good value and held on. Through the negative reports and
the recent annoncement by E&Y that they are withdrawing as
auditors since the company lacks the internal controls to
produce accurate financial statements two days ago, the
stock has plummeted to $8.95 yesterday. After the close of
the market our club decided to cut our losses and sell. I
tried to execute the order this morning only to find that
the NASDAQ is looking at delisting, and the SEC is
informally investigating them. The stock now has a new
symbol DYIIE during the investigation and is selling at
$4.40 and falling.

My question is, has anyone gone through anything like this
with one of their stocks? At this time we have decided the
damage is done and to ride this one out, but I'm just
curious as to whether we should expect a worhtless stock at
the end of this or what.

Thanks,

Bob

Hi Bob,

> My question is, has anyone gone through anything like this
> with one of their stocks?

Yep, Finova and Enron are recently past "rule of 5" stocks for me! And I
might as well add ADC Telecommuniacations, although it has never been
delisted. It's been my personal experience that these stocks do not come
back. And if they do, it's YEARS away. It's not good on the group morale
to see a stock languish at a 99% loss in your portfolio. Accept the fact
that not all picks will pan out, cut your losses, and move on.

Lynn Ostrem, Minneapolis
garbagecop@foxinternet.net

Yes, WestPoint Stevens (WPST).

Kelly
----- Original Message -----
From: "Robert Smyk" <caracarn@bivio.com>
To: <club_cafe@bivio.com>
Sent: Friday, December 19, 2003 12:11 PM
Subject: club_cafe: Stock collapse


> Our club holds a stock, Dynacq Healthcare (DYII), that has
> been slowly getting negative news of late. This had been a
> darling find of ours having gone from our purchase price of
> $13 per share to nearly $26 in less than 3 months. At that
> time we looked at an new SSG and decided the stock was still
> a good value and held on. Through the negative reports and
> the recent annoncement by E&Y that they are withdrawing as
> auditors since the company lacks the internal controls to
> produce accurate financial statements two days ago, the
> stock has plummeted to $8.95 yesterday. After the close of
> the market our club decided to cut our losses and sell. I
> tried to execute the order this morning only to find that
> the NASDAQ is looking at delisting, and the SEC is
> informally investigating them. The stock now has a new
> symbol DYIIE during the investigation and is selling at
> $4.40 and falling.
>
> My question is, has anyone gone through anything like this
> with one of their stocks? At this time we have decided the
> damage is done and to ride this one out, but I'm just
> curious as to whether we should expect a worhtless stock at
> the end of this or what.
>
> Thanks,
>
> Bob
>