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Re: Banker_Lanky post# 58117

Friday, 03/20/2009 2:23:29 PM

Friday, March 20, 2009 2:23:29 PM

Post# of 731685
What I have learned watching these stocks daily using L2 and intraday charting as well as reading this board, (thanks to many including Zardiw and Jackson and many others), is that the small buys of 100 shares, and such, establishes the price at that moment and if they want to keep the price down they simply buy and sell at the bid. All things considered, up to right now the appetite for this stock among buyers is currently satiated and there are many less risky or more immediately rewarding plays. All this is my opinion, unlike the blatantly stated proclamations of doom by others.

These stocks are still trading because they represent a rather solvent entity which is in negotiations for a settlement that recovers damages due to a hasty and fumbled "merger" or seizure and sale. If it weren't fumbled it would be done and much more clear about what the outcome will be. Anyone who says they know how this will turn out is simply mistaken. What will happen is that lawyers will follow due process, the judge will make decisions and the company owners and executives will comply or continue legal maneuvering. A benefit to those who hope for a return is that our current administration is leaning toward a more just and fair union and business environment, unlike the previous one.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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