[jtodd_fl]

Originally Posted by MKSixer

Hey...we all start somewhere. I think that he was wise in asking. I took a quick look and it definitely has fleas.

Everyone is ignorant, only on different subjects.

My first post on BMW forum... LOL
My first post on Watch forum... LOL

I want to use the EU "forget me" clause. Just forget everything pre-2003-ish...

[roastbeef]

Originally Posted by ScarecrowBoat

well, i know there is a difference. i wasn't asking what the difference in chapters is, i was asking if one would look at a company's stock that might go b11 as opposed to b7.

[David70]

Originally Posted by roastbeef

well, i know there is a difference. i wasn't asking what the difference in chapters is, i was asking if one would look at a company's stock that might go b11 as opposed to b7.

For the level I am in and the interest I have in losing, I don't want to invest in any company that is headed towards bankruptcy.

Reality is more complicated, some have made large amounts of money by figuring out that the assets of some companies are worth far more than the liabilities and while the company is headed down the drain, buying it at the right price and paying off the debts will leave them with assets worth more than they put in. They then sell the assets, company doesn't exist and they walk away rich.

[ScarecrowBoat]

Originally Posted by roastbeef

well, i know there is a difference. i wasn't asking what the difference in chapters is, i was asking if one would look at a company's stock that might go b11 as opposed to b7.

Of course there are instances of companies worth investing in as they are going through major issues. That said, sometimes with investing it's good to step back and just in plain terms write down what you are considering doing. If your friend or parent came to you and said they were thinking about putting money in a company they know almost nothing about that is going to be going through bankruptcy and they are hoping to "get in on the ground floor", what would you tell them?

IMO if you (as in if some person, not specifically you) are considering making a likely stupid and certainly risky bet (that's what it is on penny stocks entering bankruptcy) on a company like that, you better damn well know exactly what you're doing. I cannot personally imagine doing so unless you have a vast knowledge of the industry the company operates in, what the market conditions and factors are, what their product is, how competent their management is, and a whole lot about the finances and reasons for bankruptcy and if their is a legitimate plan for restructuring after CH 11. If you don't have enough information where you could write a comprehensive analysis, you are absolutely making a blind bet where the odds are incredibly well stacked against you. You won't win, and if you happen to get lucky it will most likely never happen again. Though you will almost certainly be so cocky about your ability to make picks you'll make an even worse bet the next time expecting more luck.

[roastbeef]

thanks for the discussion, gentlemen. i'm mature enough to know enough to know how little i actually know. just thought i'd ask.

[Jonzny]

Got wrecked on my T calls, stopped out this morning. Holding F Apr29 calls, also down on those. Thinking of grabbing some C or BAC puts

[silvergray545]

Anyone mess with penny stocks? Was looking to give them a shot. What do you guys use to research them?

[PSUSMU]

Originally Posted by Jonzny

Thinking of grabbing some C or BAC puts

Why?

[Jonzny]

Originally Posted by PSUSMU

Why?

Actually, just got out of my BAC calls this morning. sooo nvm

[III Caruso III]

I think I've asked this question before.
Are there any Chicagoland Trader?

[ScarecrowBoat]

Originally Posted by silvergray545

Anyone mess with penny stocks? Was looking to give them a shot. What do you guys use to research them?

I think this thread is officially over...

[PSUSMU]

Originally Posted by Jonzny

Actually, just got out of my BAC calls this morning. sooo nvm

BAC up 4%

[Jonzny]

Originally Posted by PSUSMU

BAC up 4%

Yea I know

w/e I closed the position in the green can't be too mad

[Frozen]

Originally Posted by ScarecrowBoat

I think this thread is officially over...

Yeah especially with the Market up again 200 points today. Mact333333 smh

[NickyC]

Today, yet another "conspiracy theory" becomes fact. Deutsche bank admits to rigging the commodity markets, settlement agreement points to them naming other defendants who were guilty of the same.

http://www.reuters.com/article/us-de...-idUSKCN0XA2RU

[Biorin]

ASBSECU E93 hope you followed up on UWTI these past two days...

[ASBSECU E93]

Originally Posted by Biorin

ASBSECU E93 hope you followed up on UWTI these past two days...

Yea - I actively day trade this

[ASBSECU E93]

Google and Amazon report tomorrow....thoughts??

[Xiaoxi]

Looking at the historic S&P 500 trends, it seems like a massive drop is due soon. Any thoughts?

[Mywifes335]

Originally Posted by silvergray545

Anyone mess with penny stocks? Was looking to give them a shot. What do you guys use to research them?

How about some Farrow Tech?

Charts look great. In Phase III for novel cancer therapeutic utilizing a reformulation of an existing compound that's currently already approved as a beta blocker. Already done with EU submission and US FDA PDUFA date is 10/25/16.

PM me for opportunity of a lifetime.

[Mywifes335]

Originally Posted by Xiaoxi

Looking at the historic S&P 500 trends, it seems like a massive drop is due soon. Any thoughts?

In other thread, suggested culling gains and free cash and low duration FI into physical gold and gold trackers (avoid double gold or miner trackers).

[Xiaoxi]

Originally Posted by Mywifes335

In other thread, suggested culling gains and free cash and low duration FI into physical gold and gold trackers (avoid double gold or miner trackers).

which thread?