RE:RE:RE:RE:RE:RE:RE:Everyone looking for borrow now, looking to short moreAnd to clarify, volume isn't down 14% people who got the first issue less than a month ago are already down 14%. What does that tell you about the unsecured bondholders? The equity is already cooked, its just saps like you that haven't realized it yet. Its a classic before prepak, be patient and let it play out.
Health123 wrote: Volume is over 15MM on the new bond issue, down 14%
Yes, it should be troublesome for the unsecured bondholders and that means equity is worth zero.
If you can make $ trading the eq, then good for you but the banks are in control now and having a food fight.
blhawk wrote:
So i take it you are short from lower levels, and puts from lower levels, correct? I already explained the bond situation, if you call 3 trades trouble some, well than lets just say we have dif opinions.