... to come out and say he bought at 26 cents this morning.
I wonder if he sold or if he is still sucking his thumb in the fetal position under his bed wondering where all his money went?
He deserves his misfortune.
I'm out. Worst fill was .90. Didn't need to milk it for every last penny.
Extremely surprised not a single MM filed the paperwork so they can begin quoting this. Tells me they might think it is a waste of time and they know something is coming along? Nah... still expect it to come off Grey Market this afternoon.
Hope everyone was able to make the best of a bad situation. Good luck to you all in your future trades.
=brother if anybody says they bought this they be crazzzy
Maybe not. I don't like the risk/reward, but I wouldn't fault someone for a speculative trade really low. You still have index funds that need to dump this. Their FABU shares are an infinitesimal part of their holdings and they just need to get rid of them. You could see "flash crash" prices if enough institutions sell at once. Put in your buy at .50 and you never know. There are gamblers who might bet that it retraces some from .50 before trading gets suspended. Not me... but I can see it and good luck to anybody who tries it.