What to say on a day when the King of the Bankrupt headquartered in lower Manhattan consumes 20% of today's relatively meager volume of trading on the NYSE while falling 1.5%, and this on news of its 1-for-10 reverse stock split and penny dividend, as yet another CME-driven short squeeze delivered a general price increase to those many suckers convinced the low man on the capital structure totem pole is "undervalued" in relation to trillions of dollars of debt marked to fantasy?
I think that pretty much says it all.
Just one more thing...
Come to Pappa.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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