How can you say it is a gold mine when, as EI has stated, equity is billions from being in the money? I never understood the point in playing around in bankrupt stocks when risk adjusted they usually are a loss of capital. Don't get me wrong I hope equity is in the money because then the senior notes are paid in full, but it doesn't make sense to my young analytical mind. If you are trading swings in penny stocks wouldn't you want plenty of liquidity? Now you just own lottery tickets it seems. But still, best of luck since your gain is mine as well.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.