Replies to post #8895 on New Century Energy Corp (fka NCRE)

[Damage_inc]

WG, The same holds true for Fred/Fan (plus they have a guarantee of a gov. backstop). Regardless, that news would have the same effect on any OTBB. Just as news of refinancing will push us in the other direction.

[wisardd1]

It kind of depends what price you bought in doesn't it. If you bought in a .50 it is not going to be a 1000% loss. But if you bought in at 5 cents then yes?

[pennyplayer]

That's not how percentages work. Your analysis is misleading at best, dishonest at worst. You don't just add and subtract the daily swings. The stock is down 82% from the high. .74 - .13=.61 / .74 = 82.4%