delising rules have been suspended - exchanges would loose too much revenue if they kick out everyone under buck. suspended until march 09. I like the move today - forward P/E ratio is going to be a 1 soon. profitable company that is improving for a buck a share - i like that a lot
A quarter of the S&P is now in single digits. How many do you think they'll delist at the rate things are going?? This is insane. I don't have that much in cash, but I think I'm going to set some orders at 10% below current prices and go for it. There are screaming buys...if you ignore the fact that we're all going bankrupt.
Simple to fix things...kill mark to market and bring back the uptick rule.