I picked up a few shares of this stock, if you hold at a basis of $20, what would be the point in selling at this price? Why not just ride it out?
My humble opinion....if/when it turns upward, it's at least a $2-$3 stock, the scramble to cover the short interest will be good for that much.
If it makes you feel any better, I thought I was really getting a deal at 48 cents a few days ago....the "downside" potential is the same as any stock ZERO!
WCII:
Settlement Date/ Short Interest/ Avg Daily Share Volume /
Days to Cover
Mar. 15, 2001 /23,611,741 /5,225,784 /4.52
Feb. 15, 2001 /12,981,075 /2,502,360 /5.19 |
