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Author: ZenvestorB Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 682  
Subject: Re: Owens Corning Date: 1/29/2003 8:03 AM
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Hi inquiringfool101,

Sorry about your Owens Corning. It seems to be one of the unfortunate companies that was a victim of (IMO) over zealous asbestos litigation.

Some of the trading could be related to the need of people who shorted the stock to repurchase to close out the position. They sold earlier with borrowed stock, now that have to buy back to replace it.

If the company has said that the old common is worthless, I guess if you can find a taker and you can get more than commissions, selling at least gets back some cash versus no cash.

I've had a couple of company's that went belly-up and what I did with them was got the stock certificate from the brokerage. It usually costs a small fee but then I have a reminder of the downside of stocks when things go wrong and who knows maybe someday the certificate will be a collectible.

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