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Author: markoose Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5847  
Subject: Re: Couple of questions for TMF Date: 1/14/2003 6:27 PM
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Oh, come on... haven't you heard? It's going to ZERO!!

Of course, a couple years back I was POSITIVE my former employer was going to zero, as well. And it did. I should have put my money where my mouth was, as it ended up filing for Chap 11, then going through the motions of PennyStock Land, bankruptcy court, and eventually, acquisition -- with creditors and bondholders getting pennies on the dollar, and common shareholders getting zilch.

Then again, I did forget to mention that before it hit that big fat goose egg, there was a last gasp that lasted maybe 6 months -- you know, where it rocketed up from about 4 bucks a share up to about $7.50

Short at the wrong time and - WHACK!!


-markoose, can certainly call 'em sometimes, but ain't willing to time the market on a short like that (or SIRI)... you can end up being very wrong, even when you're ultimately right
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