“Want to know how to make a stock go nuts? Issue a press
release with the magic word “Linux” in it.“
“That’s what Learn2.com (LTWO) did this morning and the stock
flew 64% from $3.03 to $4.97 by the closing bell. It led the Nasdaq
in trading volume as more than 34 million LTWO shares changed hands
— 46 times its average daily volume. And the big gain came despite
the fact the Nasdaq itself tumbled.”
“The stock-stirring press release said exactly this: Learn2.com
will be expanding its online Linux tutorials. Seems that was enough
to struck a chord with the investment community. After all, now
investors can finally learn what the heck it is they’ve been
pouring their money into for the past few weeks.”