Replies to post #46136 on lowtrade

[lowtrade]

Just a word of warning about companies with (just out of or going into) bankruptcy stock.

You don't want to get caught holding with expectations of a future.


Because you can often get killed as a shareholder, when debit gets settled. I mean one day you own $5k worth, the next $500 or zero worth. Often the final word (report) is the day all hell breaks lose. And while your holding for the undervalued turn around. The whole thing falls apart.


Personally would day trade these. I know better but still just got stuck with one. swing trading 6500 shares @ .42 that just turned into 23 @ $21.15 a week early. Should a been day trading, not swing trading. But I thought I had at least 1 more week.