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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: nikko who wrote (175)10/1/1998 6:34:00 PM
From: Wayne Rumball  Respond to of 11130
 
Yes i do, maybe wish I didn't.

will study the financials closely, decide what the company is worth for myself, in a firesale situation.

Not necessarily a bad thing. sometimes lenders can force you into a corner just to witness the result (will you caugh and beg for mercy or will you fight back)

I know the ceo of a co that got their line of credit called, (for no good reason), did a chapter 11, came out of it fine and sued the lender for millions. That was 10 years ago.

May not be the same situation here, but if it goes to 0.02, I think after serious review of the financials, I'll own the co and be the ceo.

At 0.25 maybe

At 0.50 I'll need to speak to a few banks

Glad this stock thing is just a hobby :)