Wolf,
Yeah, it's amazing what a ten point drop can do to your ego after you've pounded the table for CD on WSW with LR, no less. :-)
Cheer up, old boy, and check out the CD thread. According to that thread, if you valued the 'bad' company at zero, the value of CD would be about $13 and change. If you believe that, and you believe there's no way the market is going to bid CD down to less than zero for the crooked company, then you have to believe it really scraped bottom when it hit $14. Speaking strictly as an amateur, I think it unlikely the bad company has a zero or negative worth. I am more worried Forbes will stick around, in which case CD is dead money at best (who in their right mind invests with a crook?). I picked up a modest position in CD, gambling that Forbes is on the way out. If Forbes wins the power struggle, I'm out of the stock.
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