TMA at $1?????????

Uncle_Ho · Mar 10, 2008

Looks like the subprime mess anhilated this stock, is this a sucker play at $1?

MrDODGE · Mar 10, 2008

They can't meet a margin call, the company is dead.

stock_trad3r · Mar 10, 2008

I remember vividly when the CEO crook said back in august on CNBC when the stock closed at $8 that everything was 'OK'. TMA quickly surged to 15 following the pump job, and now look where it is.

DataCruncher · Mar 10, 2008

I don't think he knew how bad things were gonna get. I think him and some other execs even bought a truckload of stock at high high prices

Uncle_Ho · Mar 10, 2008

ROFL LMAO. I just went and looked at insider actions. CEO H Thornburg bought $9,500,000 worth of stock on 10/19/07. Bad call huh boss.

stock_trad3r · Mar 10, 2008

Quote from Uncle_Ho:

ROFL LMAO. I just went and looked at insider actions. CEO H Thornburg bought $9,500,000 worth of stock on 10/19/07. Bad call huh boss.

LOL at least he puts his money where his mouth is even if he ends up having no money left.

stock777 · Mar 10, 2008

good find. downside is only a buck.

I suggest you hock your Flash Gordon decoder ring and go all in.

axehawk · Mar 10, 2008

$0.78 and puking hard.

It might see $0.00 today.

DataCruncher · Mar 10, 2008

stock has stabilized now. too risky to short at this point

da-net · Mar 10, 2008

Quote from Uncle_Ho:

Looks like the subprime mess anhilated this stock, is this a sucker play at $1?

If I were in that business like JPM, Wachovia, or BOA, etc I would consider this an opportunity to acquire some assets @ super discount prices (vulture investing). Yes some of the assets are not worthwhile, but surely there are enough to justify the purchase @ 3%(based on 52 wk high)