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Post# of 248819
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bar1080

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bar1080

Re: Blue Skys post# 245000

Saturday, 07/23/2016 1:30:16 PM

Saturday, July 23, 2016 1:30:16 PM

Post# of 248819
What is this bottomless bid? Just about any public stock can trade to some degree after the underlying business becomes defunct. The most aggressive buying comes from shorters looking to cover. In BK the shares stop trading as soon as the Bankruptcy Plan is approved by the judge. (and that often catchers "players" off guard).

Interestingly, bonds may continued to trade until they mature even if the business is BK. Old RadioShack stock was cancelled 2 years ago but the bonds still traded at about one cent on the dollar, the last I looked.

Extreme case: Pre-revolution Russian Czarist bonds from 100+ years ago trade vigorously.


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Because the Good Life is Just a Pump or Two Away

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