What happened to Logmein today (Nasdaq:LOGM)

What happened to Logmein today (Nasdaq:LOGM) and ONE.to 01 Communique Laboratory ?

 

Just before the close today at 3:40pm EST  Logmein ( $LOGM) announced that they were found not guilty on a patent infringement case. 

http://www.nasdaq.com/article/logmein-prevails-in-patent-litigation-case-20130326-00807#.UVIQ4BwpitQ

as you can see below the stock popped right at 3:40pmEST on volume but then was halted. When it resumed trading after-hours it dropped back a bit

 

LogMein (LOGM ) chart & closing the gap – Stockguy22

 

What happened to ONE.to today ?

Check out what happened to the stock that trades in Toronto that lost the lawsuit to LOGM : Dropped 62.88% to .36 from yesterday’s close of .97c  – also got halted at 3:45pmEST . It hit lows it has not seen since May 2011 so probably a bit oversold at this point but definitely a huge OUCH for holders of this stock tonight.

Dropped that huge amount in 10minutes. Chart below -this Lawsuit definitely hurt this stock more than it helped LOGM.

(CAN:ONE ) – ONE.to – 01 Communique Laboratory Inc.

CAN:ONE ( One.to ) 01 Communique Laboratory Inc. Selloff – Stockguy22

 

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