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Re: jout post# 2206

Tuesday, 08/23/2011 8:52:49 AM

Tuesday, August 23, 2011 8:52:49 AM

Post# of 2230
I agree that no one expected that this stock would be re-halted. However smart "investors" should have been thinking "this is in the SEC's cross hairs and it's not a stock I need to own. I better sell now and move on" while smart day traders played the rebound then closed out their position before the market closed... always the prudent thing to do. And since there were investors who DID sell and day traders who DID close out their position before the end of the trading day, that either puts them into a "smarter investor/trader" or "Luckier investor/trader"

I do agree also that, as a bagholder, it feels better to not blame oneself for making the wrong decision and costing oneself some money but then, one doesn't learn much that way either. Good luck with your position when the stock re-opens on the grey market.