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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (14354)	5/20/1998 12:23:00 PM
From: DanZ	Read Replies (2) of 53068

<if the stock will be worthless soon, why would anyone pay .17 for it?> I guess they are hoping that the bankruptcy won't go through. Also, some people would rather buy 10,000 shares of a 17 cent stock for $1700 then 100 shares of a $17 stock for $1700 because they have more leverage. The fallacy in this is that no matter how much you pay for a stock, a percentage is a percentage and zero is zero. Unless a miracle happens, that's what their stock will be worth - zero. I'm surprised that PAA is even trading but I'm glad you were able to get out of it. MFN still hasn't opened since they announced their news.

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