Delta Financial (DFC)

[Duffau]

We often hear of funds dumping stock because it goes pink. But when it goes CH11 BK and also goes pink, then funds definitely must dump everything they hold at any cost.

I would assume this stock will drop to below a penny tomorrow IF there are any funds still holding shares.

Meanwhile, I think I'll dump all my longs early tomorrow and sell what I can short. Since I trade Ameritrade, I can't sell short many stocks. Then by closing, cover and wait for the open on Wed.