But I can see how it would make sense to sell this
Post# of 30067
Posted On: 08/09/2015 1:42:27 AM
But I can see how it would make sense to sell this co. for pennies on the dollar for anyone who isn't a Value Investor.
Not directing this at anyone here but I've been thinking that one of the lousier consequences of last summer's big run-up is that it trapped some short-term traders who bought close to the summer's high expecting a quick flip then onto the next trade. Instead they're stuck holding their shares and hoping to break even with a company they never really studied.
Not directing this at anyone here but I've been thinking that one of the lousier consequences of last summer's big run-up is that it trapped some short-term traders who bought close to the summer's high expecting a quick flip then onto the next trade. Instead they're stuck holding their shares and hoping to break even with a company they never really studied.
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I guess it makes sense to some to sell the whole company for 10 cents on the dollar for what just one asset was worth 5 years ago.
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