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Doral Financial Corp. Message Board

  • kenith46 kenith46 Dec 8, 2006 7:14 PM Flag

    Valuebbuyer was right

    I have not posted before, but read many of your post. valuebbuyer said it would be below 2$ before new year when stock price was above 4$, and I did not listen or believe it could occur. Sold today at 3.19$. still believe it has value if 1)refi does not become a killer. with the cash they have it should not, but i sat through mirant having cash, and a way out, and they did not take it, but went bk route; 2) bond holders don't end up owning 80% of the company in exchange for their bonds; 3)massive dilution by issuing more stock to raise more cash; 4)something major that has not come out yet is driving the sell-off. cannot imagine what it would be.

    all i know is i wish i would have shorted in the $5's like vbbuyer said to do. he probably said it b4 then, but i started buying when it made the trip from $4's to almost $7 a few weeks back. BUT, if vbbuyer is correct, then he will begin buying at or below $2. i am still very much interested in drl and will be watching for complete crash, or beginnings of a take off.

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0.72-0.62(-46.27%)Feb 27 3:27 PMEST