News Focus
News Focus
Followers 12
Posts 1404
Boards Moderated 2
Alias Born 02/17/2010

Re: Stinky_pinky post# 1993

Thursday, 06/03/2010 6:54:24 AM

Thursday, June 03, 2010 6:54:24 AM

Post# of 4293
the risk of going down is 95% or better. some companies have a plan before declaring bankruptcy, sometimes the creditor has a plan, and sometimes the plans all get tossed by the judge. play them like a dangerous penny stock. get out fast. don't bet the farm.

wamuq was a little different because the government was involved and left room for a lawsuit which could benefit the wiped-out shareholders.

vrmlq was different because the judge refused to wipe out the shareholders when there was a bail out by a larger company.

frpq was a typical bankruptcy where the stock dropped from the teens to .03 and on a rumor went to .08. the commons got wiped the week after i sold it.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today