Consent Order to Dismiss Bankruptcy Should be Filed!!!
It's not in bankruptcy. It filed Chapter 11 for protection against bankruptcy. If you buy life insurance, does it mean you're dead? NOOOOOOO. It's protection in case you become dead.
I think this stock goes a lot higher because the company story is very good, and that's a fact because companies are offering money for it.
Just envision the day when news is released saying DEAL IS INKED WITH XYZ Co TO BUYOUT $465 MILLION OF ASSETS. The stock is going to trade so furiously, you will be sorry if you are not holding at that moment. The gap up is going to give people whip lash and many tears will be shed by those who were at the right place at the right time, but just sat on their hands and did nothing but be a spectator.
Spectators don't make money. Spectators sit on the sidelines while the players get the victory.
Do you want to be victorious in this life? Or do you want to be a little chump on the sidelines with your little midget $10,000 trading account.
Yup, buy and hold, not worth trying to time it anymore, especially after the latest news.. what more could you ask for except an actual dollar amount bid from Wanxiang, OR and upped offer and for all of the co. vs just automotive, from JCI.