If it continues the downward slide to .05 over the coming days, then I would probably agree with your statement below. If, however, today's low of .152 turns out to be the approximate bottom, I think SHLDQ will easily see .40+ again. Let us not forget that about the time Sears filed chap 11 (last Mon or Tues), the stock had an intraday pop of 122% -from .31 to .69- (but gave back much of those gains by the close).
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"This will never see .40 again. NEVER"