A nice flush out. Generally ascended from the open after that first spike and pullback amid the churn. Better than I expected. Could be big gains but it will all be news-driven. Deal with the unions first, then the immanent refi. Also possible biz improvements as Welch said they got things under control in October - the sole bright spot in the report. A good trading vehicle if you have the stomach for it and don't get caught flat footed. Just thing of the huge money amde - and lost -off this thing in the last few weeks.
BK seems a year away if the last year's results are duplicated. I beleieve Welch is putting a handle on things. Other risks are IBT intransigence and resulting debt calls. Many reasons for that not to happen, and the re-fi's "ought" to get done. Tough times though, stock 30 to 7 today.
So therefore the union will not force a BK on the company and cut off a nose to spite a face.
Culminating in the Lasry sell-off on Friday. Congrats to the brave ones who bought into that. I garnered 12,000 shares Friday and took off table 8k of them today.