Sounds like you made the right decision. I have always wondered why anyone would trade in a stock that is 99% certain to become worthless when a company emerges from bankruptcy... who are these people buying and trading the stock? The articles says it all...people who don't know better and think, Well Delta is a big company. Some day it will emerge from bankruptcy or get bought and then this little penny stock of mine is going to explode.
Wrong. As the article states, the only way any of us would make money on this stock is if a Hedge Fund believes that equity holders will actually get paid back. That ain't gonna happen.
Sell.
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