Replies to post #2 on The Daily Speculate w/ Asnap and Co.

[Rapturos]

I am going to probably get out tomorrow unless the action is awesome. I am hoping to get a pop to about .32 by noon. That should do for me. I might stay in though. Depends on the price movement really.

Bankrupts are usually good for a couple day runs, if they are big names.

Wamu, lehman, circuit city all had many day runs.

Pgpd is a less well known company but the near 100% rise today should catch some eyes for tomorrow. I have to see nice volume and not too much of a dip to stay in. If it gaps and stays above .30 I will hold until EOD to see if it closes at or near the HOD. If it does I will continue to hold until volume(interest driving the price increase) dries up.

I plan on playing bankruptcy execlusively in 2009, unless CLYW shows up. ANVR might be a good play at some point if they get delisted, they should come out with good news in the 4th quarter, hopefully. I will of course be watching RAD as well.

I also am watching RT, CHUX, and JBX.

But I only plan on playing the Bankrupt stocks. It is hard to lose on them.

[Rapturos]

Most likely they will cancel shares and reissue new equity when they emerge from bankruptcy, thus making any shares held worth zero.

But seeing as the Pilgrim family owns 22 mil of the 74 mil shares outstanding, they may issue some warrants when they emerge. I wouldn't count on it though.

The recent price runnup, could be the Pilgrim's buying up shares on the cheap for just this reason.

But even if that was the case, the emergence will be a year off probably, so their should be significant downward pressure at some point if you want to grab some on the cheaper in about 6 monthes.


I mean this is all speculation, so...