CFC - ready to surge upward

Quote from 11Blade:

Do you think the BAC deal puts a floor in on the stock?
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You would think so, but the thing was down 5% in a strong market on Friday. I'm sure BAC will be a seller in OTC markets to arb this 18-strike preferred.
 
Quote from stock_trad3r:

Doesn't mean you buy stocks that are in the toilet like CFC

CFC could easily drop another 10 points on god knows what
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Last I checked, you buy low and sell high. Again, I am not a buyer of this shit but I would rather buy this than one of your $200-$500 over-valued high fliers. You make no sense at all, your worried about losing $10 on a shot like this, but see some of your holdings move in excess of this each day. WTF???
 
Quote from Comanche:

Last I checked, you buy low and sell high. Again, I am not a buyer of this shit but I would rather buy this than one of your $200-$500 over-valued high fliers. You make no sense at all, your worried about losing $10 on a shot like this, but see some of your holdings move in excess of this each day. WTF???
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Um a $10 drop on a $20 stock is a much bigger percentage loss than a $10 loss on a $200 stock. CFC drops $2 is the same as RIMM falling $20. But when was the last time rimm fell $20 in one day? Yea,..I rest my case.
 
$10 is $10 dipshit, however you want to try to justify it. Is it ok to lose $10 because of only a %? You're a case study waiting to happen.

I lost $1000 on CFC, SHIT!!!!!

I lost $1000 on RIMM, thats cool, it was only 2%.
 
You can't possibly be that stupid. But then again how much math would you expect a Wallmart greeter to know? If a stock is $20/share a $10 drop is a big deal.

If you invest $100,000 in CFC and it drops $10 you lose $50,000.

If you invest $100,000 in rimm (post split) and it drops $10 you only lose $12,000.

Compare the 1 year charts for RIMM and CFC. What would you rather put your money in?
 
damn, this thread is polluted, I'm just curious if there is any downside left in this pig or is it artificaly supported now.

although todays action is contrary to my original supposition.

my other opinion is people should ignore stock_trader's willy-nilly pronouncements.
 
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