AI
Monday, September 06, 2010 8:48:48 PM
It was the warrants for 5% of the reorg that had me scratching my head. I couldn't value it and even though I may have made money I just couldn't grasp it so I'd sold in the high 20's. Bought 20K 'Bs and 5K A's before the EC plan came out and bought on every dip Friday @ .35 or below. Hence why I call it my half price sale. Half of what I would have paid before. So in a way I should be pleased because I have so many more now but in BK stocks I get a little nervous because of my experience with Lehman and WaMu.
Even if we didn't go up another penny, I'd be happy as long as we were not wiped out. I see GREAT long-term value and maybe in 5 years my under .40 shares could net a dividend of that per year. Who knows.
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