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Microcap & Penny Stocks : Trading post-bankruptcy bounces
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To: RockyBalboa who wrote (62)6/4/2009 12:19:38 AM
From: Real Man  Read Replies (1) of 93
 
I think I read GM had around 1 Trillion notional CDS tied
to it. While stories claimed payouts were small due
to netting, the market repeatedly crashed into these auction.
There were 3 biggies in October - FNM/FRE, Lehman, and WAMU. The
market crashed each time, with the auction day being the
bottom. If this indeed was nothing, would not the
market just crash once and then rally?
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