Big Banc Split Corp T.BNK

wow

[braincloud]

Over 8 million shares traded today. I sure hope the shares are in strong hands now. I know it looks bad but really unless you think there is a threat of a nationalization this could very well turn out to be the buy of the decade. Either that, or we longs are really eff'd. I placed a bet on top of my already big bet. If the injunction is put in place maybe we get a bounce. Today was certainly a day when I felt the bile in the back of my throat. Yikes!

[lefmike]

well let's see, owned 30K shares at average 2.19     now   1.65     AND add insult to that, I bought some at the open not knowing there was an NR out at 9:00   bought 5K shares at 2.08   was too busy looking at the price of brent and WTI  seeing both up today...   What a sheit filled day I must say.  now since I bought that 5K on margin  

[himmler]

Many problems with that theory BC.First of all nationalisation would have caused the shareprice to plummet long ago..insiders would have bailed.We went down with all oils ,so I believe we can rule that out . Secondly I noticed that with my multiple news media's the news was issued before North American markets opened so big players would have dumped their shares pre-market...that didnt happen.

[braincloud]

I agree. The nationalization isn't going to happen. I was merely saying that unless you think it's possible even the worst outcome from this issue has already been accounted for with the drawdown in a the stock.