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Microcap & Penny Stocks : Trading post-bankruptcy bounces
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To: Real Man who wrote (6)7/3/2002 1:34:58 PM
From: Glenn Petersen  Read Replies (1) of 93
 
If you are lucky enough to ride a short from 40 to .06, you probably could care less about covering at .25.

KM filed for Chapter 11 on 1/22/02. The stock closed at $.70 that day. It ran up as high as 1/30/02 on the 30th. Not quite as dramatic as the WCOME bounce, but then it had not fallen as far. Part of the reason for the bounce was the fact that Martha Stewart said that she was going to continue her support. <gg>

LDP was a big lender to WCOM; LDP imploded yesterday. More pain to come.
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