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anotherboat12

05/22/09 10:50 PM

#90631 RE: Gillette #90630

Im still holding all of mine. Dont be tempted to sell at a loss. We are at the bottom of a wave only. Lots of good news will be pouring in from asset sales.
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anotherboat12

05/22/09 11:33 PM

#90632 RE: Gillette #90630

I cant private message you, but read through the recent conference call. Then check on Maguire trying to purchase the shares outright to take private. Then check Winthrop wanting a 25% stake in the preferred. They are looking to resume the dividend in 2010. If for some reason you have to wait that long and I may, with the dividend, you would be back at 10 bucks. The main thing here is that a lot of people see the value here. It is priced for bankruptcy, but they have a lot of assets with equity. It will not go bankrupt. Worst case is that it gets bought out.
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VERAX

05/23/09 9:29 AM

#90645 RE: Gillette #90630

On Friday I almost entered MPG. I decided not to because I'm thinking we are due for a correction. I'm not sure much will be good until it finally comes and investors feel like the can go back to buying. I had the same problem with VG & YMI. I exited VG at a pretty good loss on Friday to hold some cash going into Tuesday.
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TheBullTwit

05/24/09 12:43 AM

#90665 RE: Gillette #90630

I originally bought 2k shares at $1.87
then I bought 3k more at 1.51
then 2k more at 1.28
and then 3k more at 1.18

So, I'm in for 10k shares now @ 1.43 or so...

I've got time, since I'm playing with my 401k account in this one.