Well if 200,000 shares is less than 5% of your portfolio, it is a good gamble...read the informative posts about the company and try to learn about it the best you can.
I have won on many Q stocks and have gotten out of a couple. They are highly distressed companies that if the commons survive, the percentage of increase in the pps is like no other I have played.
Exide is a great company and I played it years ago and know for a fact this can pop faster than most stocks, like vertical...that was when it was not in Chapter 11.
I do not understand all the in's and out's and the going's on, and the yimmer and yammer about Q stocks. I do not follow the day to day court proceedings.
I am a all-heart believe in a company based upon, what others would say, is no es mucho...however, I have a pretty good nose.
I have done enough DD on the company to believe it has a fair chance in restructuring the debt and coming out of Chapter 11 mid 2014.
Is this a long play? No, this can popitiwhoppitie any time with or without news...that is what makes playing Q's fun for me...they are firecrackers in my portfolio that have made me quite a bit of QUOIN!
My suggestion is to go in light with 1% of your portfolio and add when you want to sell...will this drop? Probably...I don't ever get fixated for any stock to go straight up without a breather or bear raid or just no interest...
Big guns run the show on Q stocks...they have representatives in the various meetings while in Chapter 11...
If you got burned on a Q, maybe sit this one out and watch from the sidelines...put it in your watch list, but don't use any money...could be a good learning experience...
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