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Are you F*@^ing kidding me. Why do people by on analyst upgrades as though these people know what the hell they're talking about? I'll likely hold through tomorrow, unless today gets any uglier for this one.

Actually, my 2 week wishful target, not expected one.

Ye of little faith... Just kidding. 15 was my 2 week target on this one. The problem is it's hard to hold a short for 2 weeks. Probably cover today, or otherwise put in a tight trail, even knowing this one will continue downward.

15 by close??

If NEW is halted for 2 months, I'll slit someone's wrists. But not mine. :D

:p :D :p :D :p :D :p :D

It's Scottrade. What do you expect?

Between yesterday and this morning, the stock would have traded down to a nickel. Luckily, more bad news is coming, otherwise the NYSE could resume trading when the panic is over and shares could go up from yesterday's pre-market last of 1.66. I called the OCC and I can exercise the puts...

A Scottrade broker informed me that if the halt remains in effect through Friday, one of two things will happen: they'll delay expiration or they'll go off last price. Final decision won't be made until then, so I have to wait. A question for those in the know: Can stocks go straight from...

I considered that, but if the company goes straight to liquidation from this suspension, then I'd suffer a much larger loss. Is that even possible, or am I wrong on this?

There's a 30% short float and record put buying last few days. NYSE is screwing over a lot of people. These obstructionists should allow the market run its course.

NEW YORK (MarketWatch) -- The New York Stock Exchange said Monday it has halted trading of New Century Financial Corp. "due to the review of recent disclosures involving the company's ongoing liquidity and financing efforts." The freeze covers New Century Financial Corp. shares, as well as its...

Short at 40.23

Even without bankruptcy, I expected shares to get hammered by an influx of downgrades and warnings.

I figured bankruptcy announcement this week was better than 2:1 while the payoff would have been somewhere near 5:1. It's a small position (10 contracts at 0.45). Still, I'd like to take profit or at least get my initial back.

I'm not at all surprised that shares were halted. Though I figured they'd open up by now. NYSE is releasing little info and none of it sounds good...

What happens to shorts and put buyers with NEW shares halted, possibly for an extended period? Are put buyers with March expiration at risk of losing their investment? I ask because I opened a small position with March expirations on Friday. Now I'm concerned that NYSE could turn what...

Nice unrealized profit on AHM. I'm holding off covering for NEW's news release. If bankruptcy, $$$$$. If not, I lose a bit of the profits, but well worth the risk!

NEW Delayed... News pending. :eek:

TR, It seems you'll be getting your price today. Good luck! :)