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Re: PennyBears post# 735

Sunday, 10/21/2012 4:43:10 PM

Sunday, October 21, 2012 4:43:10 PM

Post# of 852
Bankruptcy Stock Play ... Simply Amazing ...

How many times have I seen a company file for bankruptcy,
and the stock tanks to mere few pennies, and then the stock
bounces up several hundreds of percents.

Its somewhat mystery as to why this type of impressive bounces
are occurring, but I don't care too much as long as I am able
to flip for a massive profit in a short time.

Recently, we've seen AONE, SATC, and PEIX do this, but this has
been pretty consistent behavior of bankruptcy stocks.

SATC has filed for bankruptcy so obviously you shouldn't throw
all your money in for long term investment, but it can be very
rewarding for 1 to 3 days of quick pop.

I bought near mid-day and sold near the close.
I am looking to reentry on Monday morning near $.25 with stop loss
of .20. If the momentum continues, we could see .40 on Monday.

Good luck all.



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