DISCOVERY AIR INC 8.375 PCT DEBS T.DA.DB.A

RE: RE: RE: DA.A bid falls to $1.98

[Mongoose11]

There's not much quantity available on the ask side (only 4,600 shares between 2.08 and 2.20) at 10:45 this morning. That's good. On the other hand there's not much on the bid side either (8,400 at 2.00 and 5,000 at 1.92). All in all I expected worse. I suspect that 2.00 is in fact a good entry point for a moderately long, difficult turnaround.