Monday, February 01, 2010 3:09:49 PM
You guys here is what we are looking for.. We know that when a company declares BK, the day of or the day after the filing their stock plunges to the depths. What I have been told is major funds and hedgies, will not hold Q stocks, because of the risk to their investors, so they automoatically dump them. This is good for us "VULTURES"
In this chart, we could have made an easy 150% return in 1 week if we just bought at filing and held for a week. If we held till today, it would be 400%.. I just find out shareholders will only get 2% of the company, so I expect a sell-off till they get to valuation. This is not one to buy, it is one to use as an example.
What we have to do is basically start a business inquirng into all the BK districts in the country or maybe the OTCBB has something we can subscribe to that will get us the impending Q stocks, so we can be ready to pull the trigger at filing.
Here is the chart. Company filed for BK in Oct..
~Fish~
In this chart, we could have made an easy 150% return in 1 week if we just bought at filing and held for a week. If we held till today, it would be 400%.. I just find out shareholders will only get 2% of the company, so I expect a sell-off till they get to valuation. This is not one to buy, it is one to use as an example.
What we have to do is basically start a business inquirng into all the BK districts in the country or maybe the OTCBB has something we can subscribe to that will get us the impending Q stocks, so we can be ready to pull the trigger at filing.
Here is the chart. Company filed for BK in Oct..
~Fish~
Please do not invest in this stock because of what I say, you must do your own DD and make decisions based on your knowledge, NOT MINE!
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