Bruised yes, but not maimed...
IMO, some folks will still come out on the short end of the stick on this one. Any package that is worked out will also benefit the traders getting in yesterday and today at under .01. Those who were long and sold on this news, won't get squat unless they get back in (at higher prices than they sold). I really curious to see how the "compensate" the long term stockholders.
Just having finished my taxes, this short term trading is a pain in the a** with that Wash Rule that no one can fully and truly understand.
Anyways, with Fed taxes and Property taxes due in April, it tough to find a few nickels to avg down.
I just hope they don't wait til Apr 30th to release their plans. To me, that would just be buying time, enticing us to hold the price up a bit longer and putting the true risk on us.
Hey Jack,
As a sign of faith, WOTD should put out a PR introducing themselves, admitting their oversight, and mentioning they are working on a "recovery plan". Not every stockholder reads or participates on SI. There are other forums on AOL, Yahoo, and Raging Bull (the ones I'm aware of). This info needs to go out to ALL of them, not just the ones who call and ask. |
