any WCOM traders?
- Thread starter Ken_DTU
- Start date
ehh.. she pays the bills. I'm still waiting for the move to 2 on 100k shares. I still think this bad girl is gonna make me a benz. I'm just getting tired of tying up so much capital in something that I can't margin.
Originally posted by limitdown
(Shake The Spear wrote"cry havoc, and let slip the dogs of wrath"
or was that General Zorkin (Star Trek - Search for the Undiscovered Country)?
Actually it was "Star Trek VI The Undiscovered Country" (you may have confused the title with ST III THe Search For Spock)
And it was General Chang who said the quote referenced as apposed to Chancellor Zorkin......
not that I am a Star Trek fan or anything just wanted to clarify
I've been looking at WCOM again for a trade after playing it successfully from mid-Feb to early March.
One issue I am nervous about is that if I were John Sidgemore I would bring this to bankruptcy as quickly as possible. His equity is currently worth basically nothing so why not negotiate a sweet deal with the debtholders so that he gets a bunch of new options in the new company? What incentive does he have to try to bring this stock from 1.30 to 4 right now?
That said, there are enough big guys looking at this that if the stock hit 0.80 I might consider it for a trade. Right now, though, it looks like both the volatility and the volume (yes, even at 100M+) are bleeding out of it. Not really worth a trade at this point IMO. BWTFDIK.
One issue I am nervous about is that if I were John Sidgemore I would bring this to bankruptcy as quickly as possible. His equity is currently worth basically nothing so why not negotiate a sweet deal with the debtholders so that he gets a bunch of new options in the new company? What incentive does he have to try to bring this stock from 1.30 to 4 right now?
That said, there are enough big guys looking at this that if the stock hit 0.80 I might consider it for a trade. Right now, though, it looks like both the volatility and the volume (yes, even at 100M+) are bleeding out of it. Not really worth a trade at this point IMO. BWTFDIK.
I went home with 40k shares. I bought another 30k today at 1.42. I think this is the move. 1.4 stop. I have 70k total. I really played this trade ass poor, but I just hate these liquid nas stocks.
sold to you at 1.5.....