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This is topic trading "Q" stocks in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.

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Posted by glassman on :

for those of you watching/trading LRLSQ and other co's in bankruptcy?

this is snipped out the last 10Q from LRLSQ...

Date: 5/9/2005 Form Type: 10-Q

LORAL SPACE & COMMUNICATIONS LTD., A DEBTOR IN POSSESSION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

• Loral bondholders and certain other unsecured creditors will receive approximately 20 percent of the common stock of New Loral.

• Existing common and preferred stock will be cancelled and no distribution will be made to the holders of such stock.

the PPS has gone from under .10 when i first posted it to almost .50 today...

just remember the music will stop, and all the chairs will be gone(as the situation stands right now)

Posted by Purl Gurl on :

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/2/t/002280.html?#000000

FTUS, FTUSQ, today a sub-penny stock, is a good
example of trading bankrupt companies. Charts
for 2003 / 2004 are longer available with their
dropping to pinks under a new ticker symbol.

FTUS lost tremendous value upon announcing thier
Chapter 7 filing, down to fifty cents per share.
A week or two later, back up to 1.25 per share,
back down, back up, back down, back up.

Swings for FTUS were consistently a fifty cent
per share spread, over a matter of days.

Trading bankrupt companies can be very profitable
but are outrageously risky. Traders can easily
lose fifty percent in one day, or earn fifty
percent in one day.

Glassman's "Q" stocks are for well experienced
day traders, only, who know not to remain vested
for more than one to three days, and are willing
to jump in and out, multiple times.

Fundamentals will not help, technical charts will
not help, only help is gut instinct.

Posted by glassman on :

i have a theory that seems to prove out on these...
the MM's daytrade them...

can you think like an MM?

Posted by Purl Gurl on :

http://www.nasdaqtrader.com/trader/tradingservices/marketparticipant/marketmakerprocess.stm

Become a Market Maker! Not as difficult as you think.