It was November, not long after WorldCom went belly up, but the stock was still traded publicly. I remember sitting at my desk at work staring at that chart, for hours. I was dead set on trading a bankrupt company and make fucking money doing it. I wasn’t going to do it lightly either like some sissy. At this point I don’t remember the exact number of shares I purchased, but it was in the thousands. What did I pay for them? 10 cents. What did I sell them for? 20-25 cents. Why? Seasonally WorldCom saw a flood of buyers in the month of November. Even while bankrupt, the well didn’t run dry. The Turkey Gods are real and you my find yourself on the receiving end of beaks in your eyeballs, pecking away mercilessly.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
