Talk On COI After Last Week's Strange Stock Offering

Traders are chatting about Cogent Communications Group Inc (AMEX: COI) after a Barron's article highlighted the crazy events that happened with the pricing of a 10 million share stock offering last week. The stock which opened at $22.29 last Monday (06/06) sunk on Tuesday on word the deal was going bad to close at $10.12. The deal ended up being priced at $6 per share. Currently the stock is sitting at about $7.00. Some are screaming bargain, others say if the company took $6 per share that is what it is worth.

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