Anybody else watching Seitel (NYSE) today?

Seems like an interesting day shaping up.

Brutal; they closed at 9.02 Friday and sank to 5.64 today, meanwhile picking up two new shareholder lawsuits in addition to the one they’ve got pending.

I realize not everyone cares about this stuff, but I find some of these nosedives strangely fascinating.

So, did you short the stock or are you just an interested observer?

Interested observer; I’ve been watching this company since their start 20 years ago and have had many an interaction with many of the people.

It would have been a great short play this morning, and the day traders will be out in force tomorrow. But all of my Monopoly money is in Enron stock right now.

Well, most of it, anyway.