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JohnnyWinter

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JohnnyWinter

Re: loniee post# 2751

Monday, 11/02/2009 9:53:58 AM

Monday, November 02, 2009 9:53:58 AM

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It was only a matter of time.

I will be spending a lot of time in the upcoming weeks finding a couple companies that have books that are equally as $hitty as CIT's, and I will be going all in SHORT . Some of these companies and their stock prices are just hilariously high considering they have/had no chance of continuing on as a viable business.

I noticed that BAC is the largest unsecured creditor huh? Like they really need to lose any more money.


So what do you do if you want to play it? Put in a GTC order at .01 and wait for a market sell? I see cit.pr.a got down to .13 already. ---scratch that, I saw it made it down to .05 and now it's back up to .30 )

Numbers don't lie, people do.

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