Tuesday, June 17, 2008

Angstrom Microsystems (AGMS) (AGMS.OB) Drops 22% to $0.40, a Pump and Drop

Angstrom Microsystems (AGMS) (AGMS.OB), the target of a stock spam, lost 21.57% to close at $0.40/share on Monday (6/16). 331,485 shares changed hands, 10 times more than the 30,000 shares traded on last Friday. AGMS daily trading range was a very wide $0.33 to $0.62. Last Friday, AGMS lost 15% to close at $0.51, a new 52wk low. This 15% decline was ahead of the stock spam campaign that began after the market closed.

Track Angstrom ad AGMS spam here.

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