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Registered User Joined: 2/13/2005 Posts: 26
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One of my filters picked up the stock CAFE. When looking at CAFE on Yahoo Financial, a message came up stating the symbol has been changed to "CAFE.PK", and traded today between 0.85 and 1.20. I interpret the PK suffix on the end of the symbol as an indication the stock currently trades on the Pink Sheets (i.e. does not meet requirements to trade on one of the major indices). When I look at this stock in TeleChart, it just shows a flat line starting at 9/12/05 thru 9/29/05, no data from 9/30/05 thru 10/10/05, and half a line on 10/10/05. The amplitude of the line is at a value of 2.15. I don't understand TeleChart's flat line at a value of 2.15. Can you help me interpret what information TeleChart is conveying with this chart please? At first glance, it appears inaccurate but maybe because it trades on the Pink Sheets I should be interpreting it some other way?
TIA
rkd998
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Worden Trainer
Joined: 10/1/2004 Posts: 4,308
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The .PK does indeed mean that CAFE now trades on the pink sheets. It apparently has been de-listed from the exchange it traded on. TeleChart only tracks common stocks trading on any of the three major exchanges...no pink sheets, no bb's. I'll check with the data department, but my guess is that the stock was de-listed (and we stopped tracking it) when it was priced at 2.15 and it should be removed from the database. Someone will get back to you about this.
- Doug Teaching Online!
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Worden Trainer
Joined: 10/1/2004 Posts: 4,308
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rkd998:
Our policy is to remove stocks that have not traded for 15 days. CAFE has now gone 21 days with no trading, and it apparently missed our last sweep. The data department has informed me that it will be removed from the database as of tonight's market close download. Thanks for bringing this to our attention.
- Doug Teaching Online!
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Registered User Joined: 2/13/2005 Posts: 26
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Thanks for the follow-up Doug.
rkd998
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