As Web's World Turns

[Websman]

So, the lesson of the week is...and a new rule.

DON'T BUY STOCK IN CHAPTER 11!!! FOOLS!!! ssssssssssjjjjjjjjjejejejeeeeeeeeeeeeeeeeeeeaaaaaa aaaahhhh!!!!!

[skiracer]

Ok, so who out there knows something about this bankrupcty stuff that Doug is talking about? Will my shares be wiped out if Winn Dixie comes out of bankruptcy? Or will I retain my shares and enjoy the profits?

So, I guess this is a question of whether the present shares will be closed out and new shares will be re-issued. That would really suck to watch a profit get taken away.

If what you say is true Doug, I would be better off selling for a profit while Winn Dixie is still in Chpt. 11.

Webs,
If you get a decent profit take it while you can. The best case scenario is that the stock will fluctuate up and down through the bankruptcy phase and then they will issue new stock and all the old shares will be worthless.
As an example there was a stock called Warnaco that is a manufacturer of clothing and licensee of several very well known brand names of clothing that they sell under those names. The stock went under and went from $40 to .07 or so. My brother in law and I bought it several times at .06/.07 and it would go to to .16 to the .26 range and then would fall back to .06 again. It did this about 3 times over the course of approx. 1 year. At one time we had over 500,000 shares and traded in an out of it making alot of money each time. On the last trade I took my profits and my brother-in-law, whose family are zillionaires, thought that the stock was going to come out of bankruptcy at about $5 to $10 per share. I took my half out and the profits also. He held on and the company issued new shares and the old existing shares ended up worthless. He lost everything that he had left in it with the new issuance of shares. So take the profits while you have them in hand and be very careful of holding on looking for that pot of gold. There isn't any pot of gold with these bankruptcy stocks. They always end up issuing new shares and the old ones end up worthless.

[Websman]

...There isn't any pot of gold...

Not true. There is a pot of gold. It's sitting in Bill Gate's house.

sssssssssssssssssssssssssssssssseeeeeeessssssees!! !!

[IIC]

So, the lesson of the week is...and a new rule.

DON'T BUY STOCK IN CHAPTER 11!!! FOOLS!!! ssssssssssjjjjjjjjjejejejeeeeeeeeeeeeeeeeeeeaaaaaa aaaahhhh!!!!!

Good that you checked...Here is another similar article I found:

http://www.businessweek.com/magazine/content/03_35/b3847084_mz020.htm

I have a friend that bot some shares of a paint store company years ago...Standard Paints. They had stores all over So. Cal. They were in BK and the stock went to .25...when it went to .05 he told me he was buying more because it couldn't go any lower. Well, it did go lower...it went to ZERO...Although they actually shut their doors when they couldn't get a reorg going.

Sometimes, people think that a big company can never go completely Chap 7...But it happens...Remember Sambo's Restaurants? They were a pretty large outfit...Doug

[Websman]

Thanks for the heads up on bankrupt stocks Doug!

[IIC]

Thanks for the heads up on bankrupt stocks Doug!

No problem...Doug

[Websman]

Sold WNDXQ.PK and made enough profit to buy lunch for 3 at McDonalds! jejeje

[Websman]

As always, I take my loss on EZEN and now the piece of Vulcan **** is heading back up.... Oh well...learn and move on.

The VTP will prevail.

[peanuts]

As always, I take my loss on EZEN and now the piece of Vulcan **** is heading back up.... Oh well...learn and move on.

The VTP will prevail.

Do all Vulcan pieces of **** head back up? I was just wondering cause, well, mine have been sinking. jejejejeje

Pretty soon, with the price floating back up, someone's going to get the idea to do a courtesy flush and that Vulcan POS will disappear

[peanuts]

Sold WNDXQ.PK and made enough profit to buy lunch for 3 at McDonalds! jejeje

Webs,

I've got the perfect place to park your money. Let me know if you want to know what I know

[Websman]

Webs,

I've got the perfect place to park your money. Let me know if you want to know what I know

Of course I would like to know what you know! So, where is an excellent place to park my money Dude?

[Websman]

Do all Vulcan pieces of **** head back up? I was just wondering cause, well, mine have been sinking. jejejejeje

Pretty soon, with the price floating back up, someone's going to get the idea to do a courtesy flush and that Vulcan POS will disappear

I hope it gets flushed to the single penny range...

[peanuts]

Of course I would like to know what you know! So, where is an excellent place to park my money Dude?

Since it seems to be the type of money that you are willing to put at high risk, may I suggest that you put it into one of my profitable microscopic nano caps... UCPJ.ob and SYTE.ob

Both companies make money AND have large growth prospects. Both have very high reward possibilities!!! Both are relatively unknown...

[Websman]

Since it seems to be the type of money that you are willing to put at high risk, may I suggest that you put it into one of my profitable microscopic nano caps... UCPJ.ob and SYTE.ob

Both companies make money AND have large growth prospects. Both have very high reward possibilities!!! Both are relatively unknown...

Both are tempting. SYTE, in particular, is showing a bullish signal according to my exclusive VTP ratings system.

I will have to study them a little more. I may even purchase both of them.

[Websman]

UCPJ is a diving equipment maker... Not so sure this thing could go very far, but I'll still check it out.