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      04-05-2016, 05:59 PM   #3741
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What do you guys think about SUNE?
Surely you're joking
Nope. Speak freely.
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      04-05-2016, 08:29 PM   #3742
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      04-05-2016, 08:45 PM   #3743
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i need a little further explanation than that...
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      04-05-2016, 09:17 PM   #3744
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i need a little further explanation than that...
I think he meant bankruptcy
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      04-05-2016, 09:30 PM   #3745
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i need a little further explanation than that...
I think he meant bankruptcy
Isn't there a big difference between B7 and B11?
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      04-06-2016, 05:45 AM   #3746
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Quote:
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What do you guys think about SUNE?
When a company is on rumor everywhere for a bankruptcy and the stock explodes, I'd pass.
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      04-06-2016, 07:24 AM   #3747
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Quote:
Originally Posted by roastbeef
Isn't there a big difference between B7 and B11?
Chapter 11 is reorganization - will stay in business with a plan for solvency. Chapter 7 is liquidation - company ceases to exists and sells off assets. Probably something you would want to know before investing in a company.
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      04-06-2016, 09:48 AM   #3748
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Quote:
Originally Posted by roastbeef View Post
Isn't there a big difference between B7 and B11?
Quote:
Originally Posted by jtodd_fl View Post
Chapter 11 is reorganization - will stay in business with a plan for solvency. Chapter 7 is liquidation - company ceases to exists and sells off assets. Probably something you would want to know before investing in a company.
roastbeef You probably want to stay away from, 'market plays' until you understand the basics. This is very basic data and I, for one, have no trouble admitting that I have lost money in my early 20's on, 'market plays'. Do some solid research, learn the basics, and develop a solid plan.

Good luck.
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      04-06-2016, 10:48 AM   #3749
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Quote:
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Isn't there a big difference between B7 and B11?
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      04-06-2016, 10:54 AM   #3750
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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.
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      04-06-2016, 10:58 AM   #3751
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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...
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      04-06-2016, 11:01 AM   #3752
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Quote:
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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.
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      04-06-2016, 11:55 AM   #3753
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Quote:
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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.
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      04-06-2016, 01:50 PM   #3754
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Quote:
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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.
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      04-07-2016, 01:22 AM   #3755
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thanks for the discussion, gentlemen. i'm mature enough to know enough to know how little i actually know. just thought i'd ask.
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      04-07-2016, 05:27 PM   #3756
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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
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      04-09-2016, 04:55 PM   #3757
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Anyone mess with penny stocks? Was looking to give them a shot. What do you guys use to research them?
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      04-11-2016, 10:13 AM   #3758
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Thinking of grabbing some C or BAC puts
Why?
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      04-12-2016, 12:31 PM   #3759
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Why?
Actually, just got out of my BAC calls this morning. sooo nvm
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      04-12-2016, 02:08 PM   #3760
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I think I've asked this question before.
Are there any Chicagoland Trader?
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      04-13-2016, 12:57 PM   #3761
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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...
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      04-13-2016, 01:29 PM   #3762
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Actually, just got out of my BAC calls this morning. sooo nvm
BAC up 4%
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