Chemtura Corp (fka CHMT)

[wall_street61]

lesson to flippers in this environment:

NCX nova chemical....was bought out for $6/share as Jax linked. A day before news hit, it was around $1.27. I know this because i had bought it on a sell off for $1.10 or so and sold it a week later for $2.05. Then i waited for the flip. Sure enough, it was coming back down, just as i planned, and I said to myself "self, wait for another dime",,,this was when it was trading in the upper 1.20's. Then all i can remember is one morning i said WTF about 10 times because the train had left the station and it was tappin $5.50 (in one day).

i don't intend on making that mistake here. (but you fellas can flip if you like, aint nothin holding you back)