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IDEARC INC Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Feb 28, 2008 1:07 PM Flag

    I bought another 10,000 at 5.75 this morning

    I'm loading up on the down draft. Today's close will be in the low to mid 6s. Dividend will be paid next week. There will be news coming out, I'm sure. Very likely to be bad news. But we're just about at the bottom. High 4s maybe. But after that, we'll get news, followed by a dead cat bounce. Great chance to turn a profit if you're a short term trader. I would definitely not be long on this stock. Given its debt, it will be out of business in 2011 when the notes and ballon payments start coming due.