Home > News > A TINY Overreaction
January 4th, 2007
A TINY Overreaction
Abstract:
Last month, when Harris & Harris (Nasdaq: TINY) was trading around $14.60 a share, I reminded readers that the payoff from an investment in this venture capital firm -- which specializes in nanotechnology -- would require a dose of patience, because the market for high-tech IPOs could remain tepid for the foreseeable future. Partly as a result of this reality, the stock has drifted lower.
Yesterday, though, Harris & Harris' stock plunged 12%, and it is now trading at just less than $12 a share. This latest drop, however, has nothing to do with the broader market and appears to be a gross overreaction to news earlier in the week that the company's president, Doug Jamison, was exercising some additional stock options.
Source:
Motley Fool
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