MF Global Holdings, Ltd. (fka MFGLQ)

[YazM]

I would not jump to the conclusion that 'this is good for people who are holding this stock'. I am GLAD I didn't hold on to any shares through the weekend and I hope people read what I said Friday by it wasn't a smart idea. Look what happened if you did hold onto it? Your funds are stuck at the moment, literally in the mercy of this deal. Sure, it may pop positive from this but the other side of this is this nose dives an immense amount and theres nothing you can do about it. Smart trading is not trying to make massive gains, you take a major risk playing with stock in this scenario and just hope things end well so you can make a quick big profit. This is currently a blackjack table and hope you beat the dealer.

If you want to look at what happened with EK it dropped from around $3.50 to $0.80 in 1 day from just announcing 'Possibly filing for BK'. If any headline is close to that, the stock goes to nothing.

I am happy I dont hold MF at the moment, just from the funds being tied up is disabling you from using them in other stocks that you can be profiting from.