Bankruptcy Q Players

[finbar99]

I've mostly only traded bk stocks for the last 10 years. 7, 8, 9, 10 years ago, it seems like it was infinitely more possible to do solid dd and sniff out winners. 1, 2, 3 years ago - my non-empircal observation is that you may as well toss darts - I'm not doing that, but I probably should be. Look at K-V Pharma hitting .20 cents today, or ONAVQ over a dime. SATCQ is another great example - I know some very smart people who looked at that and could not see the value - but it ran to what .50ish before coming right back? What method would give you a better chance of hitting that upside run - throwing a dart or spending 200 hours pouring through their docket? 200 hours should have suggested it's worth no more than it trades for now - but it was more than a 4 bagger from when I first looked at it - measured to it's top. I said I bought a placeholder - that just keeps me from forgetting about it. If it goes 4x higher from here - my position won't even matter - except to upset me.