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Friday, 04/04/2014 8:22:38 PM

Friday, April 04, 2014 8:22:38 PM

Post# of 648355
Another reason this market is BS and I will stick to DD. So let me get this straight GNK says they are going to file for BK and the shareholders are pretty much wiped out and yet the stock is up 26% today. But we see good stocks that have earnings and no debt take a beating. Exactly why I say DD is important. People seem to buy the crap and let the market steal their shares in good companies. This just blows my mind "Hey, shareholders get nothing so lets send the stock up 26%. What a joke!!!! Well when the music stops people in the stock one day are going to wake up to a halt and it will open u on the pinks worth .20 at best IMO. From what this article was saying is that the stock was probably up today due to people not READING!!! But this comes as to no shock people buy first then ask questions. Looks like People think they're getting 6% of the reorg equity for free, which is FALSE.


http://seekingalpha.com/article/2125893-genco-equity-shareholders-to-be-virtually-wiped-out

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