Just think, of all the good things of FTR. I'm surprised that no analysts are jumping on that recovery fee they are collecting. A buck a line, that has to offset some of the line losses. 3.90 a share it seemed like a decent time get back in. Well here we go again, buy low sell high.
But low & sell high? Its more like get the hell out of dodge. It says allot when your own long time employee's of 10-35 years worth of service dumps this stock. The money lost, the stress people went through as you are being told just hang in there, it will get better, is all BS. :/ On going BS, the expectations of pushing products that don't work, or we do not have the equipment to install for you to have it. Sell, sell, sell, no moral values!
I put in a limit order to buy another 500 shares. It was executed today and I forgot about putting it in a few weeks ago. I guess I am insane? Bought 8/4/11 $6.75, 11/10/11 $5.25, 12/28/11 $4.95, 2/10/12 $4.05 and today at $3.80. My average is now $4.69. I hope this is my last buy! I need a reversal big time and get back into the $4's. I can't afford to keep feeding this stock. It is like a fixed slot machine. When is this #$%$ going to finally hit something big enough for me to hit, collect coins and get the F out?
The 10 yr bond will give you your principal back plus interest at maturity.
This stock will hand you back your principal , calling it a divy, for you to pay tax on, and then hand you your head on a plate after BK.
God help the ones that reinvest the divies, they will only have the tax to pay and nothing at the end.