Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Having sold my shares at 48 cents, I must say I am a wee bit peeved that the market has driven FRNT back up to .75 today so far. I just don't understand, and guess I am therefore doomed to experience this buy-high sell-low cycle. The company has declared bankruptcy and yet its shares climb more than 50% this morning. According to my dim perception of things, they should be at just slightly above zero, which is what has happened every other time I owned shares in a co that went BK (yes, sadly, there have been several). This is enough to drive me into CDs.
Print the post Back To Top
No. of Recommendations: 0
Oroughy,

The only reason I made any money on this was not putting in more than I was willing to lose...and pure LUCK. CDs are a sure loser in my book.

Dale
Print the post Back To Top
No. of Recommendations: 0
Tough break on that Oroughy. Don't know what contributed to the bounce in the stock. Thought it may be people covering their shorts but I don't think the stock is eligible for "shorting" anymore (unless of course the Big Fish are allowed and the small guy's aren't). I wouldn't suggest CD's but playing the "bankruptcy" stocks aren't for the faint of heart.
Print the post Back To Top
Advertisement