• 21 Oct 2008 at 2:19 PM

Rules Were Meant To Be Broken

By Equity Private

When you were younger the world was probably pretty flexible. Someone wasn’t with you all the time to see if you looked both ways when you crossed the street. Perhaps you ate a few extra cookies from the cookie jar here or there. But then there was that kid you knew from school who lived down the block. He never looked when he crossed the street. He never paid attention to dietary restrictions. He talked back whenever he felt like it and he never took off his shoes when he came over. Your mom hated that kid. Let me tell you, that kid was probably Bob Greifeld, CEO of NASDAQ OMX.
See, if your stock price slips under $1.00, NASDAQ generally de-lists you. But, well, rules were meant to be broken. And it’s just easier for Bob this way, see?
Nasdaq overlooks own rule to rescue bruised stocks [Reuters]

Comments (16)

  1. 1
    Posted by guest | October 21, 2008 at 2:32 PM

    EP: Shame on you for missing the most critical element of the whole story:
    …Diego Perfumo, analyst at Equity Research Desk, a Connecticut-based advisory firm specializing in exchanges, said the rule suspension protects companies with “sound business models that are trading below their fundamental value.”…
    Diego Perfumo is the most magnificent name ever bestowed upon man or beast.

  2. 2
    Posted by Tapecracker | October 21, 2008 at 2:40 PM

    Doesn’t that translate: “Smelly Jim”? Call it a hunch, but I’m thinking we’ll never see Jim Cramer and this guy in the same room.

  3. 3
    Posted by Tapecracker | October 21, 2008 at 3:09 PM

    .. and you’ve got to admit, the name “Magnus Bocker” is pretty kick-ass as well, no?

  4. 4
    Posted by guest | October 21, 2008 at 3:12 PM

    Rip Hyman. high school gym teacher. truth.

  5. 5
    Posted by guest | October 21, 2008 at 3:13 PM

    I knew a woman named Gay Mann. I $hit you not.

  6. 6
    Posted by guest | October 21, 2008 at 3:20 PM

    One time two friends and I stole a cow and sold it. When the police finally caught us, they acted like we hadn’t done it because rustling is a 1st degree felony in our state.

  7. 7
    Posted by guest | October 21, 2008 at 3:21 PM

    Sure. Guy Stair Sainty is full of shit, unless you enjoy snake oil.

  8. 8
    Posted by guest | October 21, 2008 at 3:28 PM

    good ole days of retail client: Ho Bich

  9. 9
    Posted by guest | October 21, 2008 at 3:39 PM

    Did anyone just see Raul Felder on CNBC. Are they fucking out of their minds? Tell me this in not the world I live in. Tell me!!!!

  10. 10
    Posted by guest | October 21, 2008 at 4:29 PM

    Oh come on why do you want to take away Raoul’s fun?

  11. 11
    Posted by guest | October 21, 2008 at 4:30 PM

    I think they are bending the rules cause they expect a lot of stocks to fall below a dollar and then their exchange would be a little uncrowded?

  12. 12
    Posted by guest | October 21, 2008 at 4:32 PM

    yahoo 9 cents vs 8 cents.
    Interesting to watch the shocked look on the interviewee’s face. Shocked you right, Ryan?
    $1.325B

  13. 13
    Posted by guest | October 21, 2008 at 4:32 PM

    yahoo to cut the workforce by ten percent.

  14. 14
    Posted by guest | October 21, 2008 at 4:47 PM

    Harry Bawls checking in.

  15. 15
    Posted by guest | October 21, 2008 at 5:26 PM

    @#8, I had an HNW client once named, I shit you not, Aida Ho.

  16. 16
    Posted by guest | October 21, 2008 at 7:43 PM

    who here knows aida felcher?

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