57 cents as of now. After declaring chapter 11, and facing massive closures, and an unlikely future, and with the likelihood that the shares will be cancelled, and new ones issued to the debtholders, one would think that the shares wold completely collapse. Someone is buying. I am just not sure why.
8 replies (most recent on top)
OP - Who cares? September 28th was when it first dipped below $1.00. if by October 29th, it doesn't climb above and maintain $1.00, it's going to be delisted. That's about 1 week away.
Pump and Dump sounds like one of Jesse "The" Gonzales's p--no moves
Nearly doubling is soaring. If your other stocks did that, you would pee with delight.
Perhaps it is the shorts just closing their positions, and the algorithmic trading driving it up from there.
SOARING????
I sold mine at $144.52 back in 2007.
How long before it "SOARS" back to THAT price?
Still under 1.00 is hardly soaring. Day traders are trying for a quick hit. No true investor would touch this pig.
it's the shorts that bought in the 30's , you are watching a good ol fashioned pump and dump
This is odd in the extreme...
I wonder if it's algorithmic trading -- high-speed bots trying to nick a fraction of a cent per share from each other using proprietary techniques?
60 cents as of now.