Is NEW (New Century Financial) trading at a bargain?

[M3racer2k1]

Seems like it could be trading at a huge bargain, could be a great buy opportunity. Any thoughts on this?

 

[CalScholar]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=88523

 

[Bowgett]

If you like buying near bankrupt companies then - yes

 

[ByLoSellHi]

Just go to Bellagio and put it all on black.

 

[CalScholar]

Quote from ByLoSellHi:

Just go to Bellagio and put it all on black.

I'd take that bet over NEW in a second.

 

[M3racer2k1]

Thanks guys, I didnt know they were near bankrupt. I saw the market run up when everyone was covering their shorts, and I thought the bottom was over.