Know When to Fold 'Em

Posted By: fdisk | Oct 1st, 2007 @ 7:03 AM
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Comments: 2 | Views: 1415
#Oct 1st, 2007 @ 7:03 AM
fdisk
fdisk
Last:
  0.17		 Change:
    UNCH 		 Open:
  0.179		 High:
  0.179		 Low:
  0.17		 Volume:
  8,700
Percent Change:
  n/a		 Yield:
  n/a		 P/E Ratio:
  n/a		 52 Week Range:
  0.15 to 3.12

It appears to be game over for SCO.  Stock price here.

SCO Might Fold

MarketWatch wrote:
Having filed for Chapter 11 bankruptcy protection, SCO claims it may go under permanently, depending on how much the court decides it owes Novell.

The SCO Group may need to wind up its operations after its copyright case against Novell collapsed, prompting it to file for bankruptcy.

Sad

Perhaps some advice from Kenny Rogers would help.

#Oct 1st, 2007 @ 10:15 AM
Larsenal
Larsenal
ready to give an answer
Did you have the luck/presence of mind to sell at $1.50?
#Oct 2nd, 2007 @ 3:06 PM
ScanIAm
ScanIAm
On a scale of 1 to 10, people are stupid.
They could be absorbed or do a reverse stock split, but they just engendered too much bad press Sad

It sucks when a stock hits that level, but I've got a stock I picked up in the early 2000s, BPUR, that went from $5 to it's current level of less that $1.  Plus, they did a reverse stock split to avoid delisting, and I just kept buying them*.  The cool thing is, though, that now that they hover between $.50 and $1, it's pretty easy to buy more at their low point and sell for a decent profit near the top.



*They make an emergency hemoglobin replacement that's been used since 2002 for animals and is taking forever to get through the FDA for humans.  As far as I can tell, they have a decent and legitimate business model, they just happened to IPO around 2000 when stocks took a nosedive.

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