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The run up to $5's made me think maybe they overwrote stuff down last quarter. But the fact that they once again had huge write downs seems to legitimize the previous quarters write downs.Thus how can there be any hope whatsover for the common?? By this time next year could be negative $400 million equity.
You and I are on the same page, except I never got went for the head fake stock price rise. You can just read the bulls on this board and see how their analysis consists of dreaming.