SEC suspends trading in Cameron
Every now and then you hear about one these flyers. Cameron International's stock soared from 5 cents per share to more than $90 in a single day. As it should have, the Securities and Exchange Commission suspended trading and was trying to sort out what was behind the move. The Santa-Monica, CA, firm said in a filing it had about $14,000 in revenue and two board members. It was aiming to sell more stock to raise funds to hire employees and start a Web site. Little doubt that boiler room operations--they still exist--are behind this. Most likely, someone made some money.
> Here's a New York Post article.
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