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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (88577)12/5/2004 7:29:10 PM
From: StockDung  Read Replies (2) | Respond to of 122087
 
Sounds allot like K-Mart and Braniff. Both those went higher and they came out and basicly said that shareholders of common where getting ZIPPO.

K-MART being a amazing story out of BK. Valued land that was worth 900 million to one bilion dollars during BK as close to worthless.

Common shareholders got screwed.



To: rrufff who wrote (88577)12/5/2004 8:10:03 PM
From: tool dude  Respond to of 122087
 
Remember IRID - after commi news(cnbc) stated IRID shares worthless it took a nose dive to a 25 cent price/ticket,luckily I had a good broker that advised me to cover at 27 cents cause it was holding that for weeks then started a climb that lasted for months;as I recall as high as $4+ USD/share and just stayed there longer than I could stand to wait;those short at $55+ were happy to cover i'd guess at $5,not sure what happened to it after that I got too busy to keep up with it.Tony was raising hell about IRID being worthless at $50+ all the way down to like $5-$6 where I finally decided he was right = duhh!All these longs wanting the short to exit wall street must need their head examined.