SwingTrade Member Forum

[MSGI]

I said that I would give you props when you get to your average price. Last you gave that it was $2.

Posted by: Rawnoc Date: Monday, September 08, 2008 10:43:35 AM
In reply to: BuzzOnDaBeach who wrote msg# 166396 Post # of 167889

I need it to get to around $2 for me to break-even on my small position.

The equity being worthless is virtually impossible now. Common still owns 20% of the company that's 100% fully backed by the government. Unless the government goes to zero which according to MSGI should be next week, then there's no realistic chance of FRE going anywhere near zero.