Post by
Everswan on Feb 25, 2010 5:47pm
MYG sinks to new lows... 0.25$...
I ain't trashing this stock.
It's stinks.
It's a very bad stock to own 'cause it's a sinking boat burning cash!!!
It's the worst stock for a trader 'cause there is just no volume.
I am even thinking of shorting this one ... but it has done most so poorly already 95% down!
Bottom line, If you own this stock buying more to average down is just a money pit.
Selling is the only logical option: you free up cash for some other purpose and you get that tax loss.
I expect Japanese partners to bail out of MYG soon.