Posted:
#1
Hey guys,
As I watch most stocks being destroyed I've come up with a fun idea. Maybe stupid maybe not. What I want to do is put $1,000 in 10-15 beat up POS stocks take the certs and put them in a safety deposit box. I'm making a short list and I know a lot of you will say they are going under and I believe most will but I only need 2-3 to make it. Suggestions on your favorite POS PLEASE! Or atleast help me narrow down :)
Short List: PNX, BAC,XL,MTW,LVS,HIG,AKS,RUTH,RT,GE,CPSL, SUTR,TTM,EXM,DRYS,HTE
As I watch most stocks being destroyed I've come up with a fun idea. Maybe stupid maybe not. What I want to do is put $1,000 in 10-15 beat up POS stocks take the certs and put them in a safety deposit box. I'm making a short list and I know a lot of you will say they are going under and I believe most will but I only need 2-3 to make it. Suggestions on your favorite POS PLEASE! Or atleast help me narrow down :)
Short List: PNX, BAC,XL,MTW,LVS,HIG,AKS,RUTH,RT,GE,CPSL, SUTR,TTM,EXM,DRYS,HTE
0
and I wish I followed you MONTHS ago when you said you were all cash because I'd have a lot more dry powder.
if you are so certain so many of these companies are "going under" why dont you learn what a short position is
) BUT may be in better shape than MGM because of they are more diversified away from Vegas with their far east operations and will open in Bethlehem, Pa in May which hopefully will help cash flow.
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