a heads up for longs...someone has stepped in and bot a huge(40,000) number of NEW Mar 2 1/2 puts for .25-.40 ( very high priced)...news must be comin...
http://stockcharts.c...5851&r=6401.png
NEW
Started by
tommyt
, Mar 08 2007 02:02 PM
2 replies to this topic
#2
greenie
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Posted 08 March 2007 - 02:08 PM
Doesn't have to be news. The bounce is just over.
Also, today's news all over MSM is "Investors are irrational in selling subprime stocks. They are so cheap now that they are prime candidates for takeover. 
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It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#3
jawndissedi
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Posted 08 March 2007 - 04:01 PM
Very true. And the "takeover" will be presided over by the bankruptcy court judge who should be able to ensure the NEW's creditors recover at least some of what they're owed. As for shareholders, I'm afraid the outcome is likely to be zero. Here's an update:Doesn't have to be news. The bounce is just over.
Also, today's news all over MSM is "Investors are irrational in selling subprime stocks. They are so cheap now that they are prime candidates for takeover.
Bloomberg
Edited by jawndissedi, 08 March 2007 - 04:06 PM.
Da nile is more than a river in Egypt.
