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If you are stuck in the $WINS halt please read.
- Thread starter Dustin
- Start date
SIXD was another Chinese fraud, halted for 6-9 months IIRC. Was $3, opened on the gray market down 90%+ and now trades at $0.02. It's not just the halt ending, but for most of these situations, you're looking at bad accounting problems coming to light and being delisted as well.
If I was long WINS, I'd jump at OP's $100 offer.
If I was long WINS, I'd jump at OP's $100 offer.
because it will most likely be worth less than 50% if/when it opens.last sale was $205. you have to make a case why somebody should sell stock to you at 50% off the last price.
Hmmm, some that I remember were-
China Media Express (CCME)
Sino Forest (SNOFF)
Deer Consumer Products (DEER)
RINO (can't remember the name of the company)
2011-2012 was crazy with Chinese frauds and long halts before delisting.
It was something recent (maybe the start of 2017) where the stock went above $100 in just a few days after being < $10. It got halted and then it opened up something like 75%+ down. I seem to recall it might have been a shipping stock, but my mind is drawing a blank.
You're thinking of DRYS. It was only halted for a day or two.It was something recent (maybe the start of 2017) where the stock went above $100 in just a few days after being < $10. It got halted and then it opened up something like 75%+ down. I seem to recall it might have been a shipping stock, but my mind is drawing a blank.
drysIt was something recent (maybe the start of 2017) where the stock went above $100 in just a few days after being < $10. It got halted and then it opened up something like 75%+ down. I seem to recall it might have been a shipping stock, but my mind is drawing a blank.
drys
That is possible. Although when I look at a historical chart, I can't see the incident that I am remembering. Of course, it is pretty hard to see anything in the chart when the high is $5,200,000 and the low is $1.20.
That is possible. Although when I look at a historical chart, I can't see the incident that I am remembering. Of course, it is pretty hard to see anything in the chart when the high is $5,200,000 and the low is $1.20.
It was DRYS as it went to $100, their CEO GE made a deal with Kalani was halted at $72 opened around $20, closed under $10. Since then GE has made 3 $200M deals with Kalani of which they dump on retail. It has been reverse split 5X's(8:1,5:1,7:1,4:1,7:1) with another on the way. If you had 7500 shares in January you'd be down to 1. It's like .0001 of what it was in that $100 run. It is ridiculous how it hasn't been delisted as it was down 50%, last week, and 80-90% in 2wks, $1 to .15 RS. It's the only stock where billions invested in 07' is pocket change today.lol
DRYS performance has been terrible, no question, although there are plenty of total wipeouts in bankrupt that would have been (slightly) worse. I guess in some sense DRYS is worse than Enron since it keeps hanging around with lots of volatility tempting you to trade it and then falling farther.It's the only stock where billions invested in 07' is pocket change today.lol
WINS sells 67% of the company at a valuation of $388MM
Should reopen somewhere in the low 20's.
https://www.google.com/amp/s/www.fo...ays-poised-to-end-as-wins-takeover-nears/amp/
Should reopen somewhere in the low 20's.
https://www.google.com/amp/s/www.fo...ays-poised-to-end-as-wins-takeover-nears/amp/