SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The Panda Project (PNDA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dale Baker who wrote (833)2/6/1998 4:35:00 PM
From: Mama Bear   of 1521
 
>>>This
should be the first time I short a company down to near or total bankruptcy.<<<

Yes, I made the mistake of covering Solv Ex at 4 1/8 in June just because it traded 20% less one day than the closing price the day before. After bankruptcy and banishment to pink sheet hell it traded as low as 0.50.

For some reason SOLVQ has made it back to 2 at today's close. Some say the shorts are being forced to buy to cover. It may not be the wisest thing to hold out for 1 or 2 cents.

If I wanted to play the fluctuations I would "box" my position, selling the long side when I wanted to be short again. I'm only able to sit and watch PNDA from the sidelines because my broker can't get shares for me.

Barb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News