Greenlight could own 19% of New Century

[indytrader08]

I just read an article on market watch in regards to the hedge fund Greenlight getting the ok from New Century to own up to 19% on the stock. This was arranged in March 06. I wonder if they still own that % or ever did. If so they are in bad shape.

 

[freehouse]

Quote from indytrader08:

I just read an article on market watch in regards to the hedge fund Greenlight getting the ok from New Century to own up to 19% on the stock. This was arranged in March 06. I wonder if they still own that % or ever did. If so they are in bad shape.

Greenlight = next blowup?

Great lesson in never averaging down a losing position.