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HTZ - Hertz - 80% PM
Posted on 6/5/20 at 7:25 am
Posted on 6/5/20 at 7:25 am
Up 80% PM after gaining 80% yesterday. Haven't been following much other than hearing they filed Chapter 11 recently. I was under the impression that Chapter 11 meant all stock will be liquidated and shareholders are left with nothing? Pumping and dumping going on or what?
7
Posted on 6/5/20 at 7:30 am to TigeRoots
shorts covering
Posted on 6/5/20 at 8:16 am to TigeRoots
Damn. I was hoping to buy some calls on another dip. I will stay away now.
To many other sectors starting their v shaped recovery.
To many other sectors starting their v shaped recovery.
Posted on 6/5/20 at 9:24 am to TigeRoots
Stock is an eventual zero. As a famous short seller once said “people will pay $2 to watch 2 rats frick.”
Posted on 6/8/20 at 11:42 am to TigeRoots
I’m in it now, think it runs to 6,5
Posted on 6/8/20 at 12:22 pm to TigeRoots
This was my only loser until now. I sold half for a small profit just now and going to let the other half ride for a bit with a stop on it. I can't believe I got bailed out on this thing. After the BK announcement I had pretty much written off the money I had put in it. This market is crazy!!!!!
Posted on 6/8/20 at 4:10 pm to TigeRoots
quote:Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs, debts, and assets, and for that reason is known as "reorganization" bankruptcy.
I was under the impression that Chapter 11 meant all stock will be liquidated and shareholders are left with nothing?
Posted on 6/8/20 at 7:19 pm to TigeRoots
You would think especially when nobody is renting cars and traveling right now.
Too bad Enron wasn't around today. It would be worth thousands a share instead of zero.
Too bad Enron wasn't around today. It would be worth thousands a share instead of zero.
Posted on 6/9/20 at 1:01 am to tigerpawl
quote:
Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs, debts, and assets, and for that reason is known as "reorganization" bankruptcy.
Part of their reorganization is going to be wiping out the shareholders. Icahn sold at less than a dollar. There was a pop from short sellers buying and then some retailers thought it was cheap, so why not. Too much debt. The shareholders are going to get smoked on this one in the end.
Posted on 6/9/20 at 8:31 am to go ta hell ole miss
quote:
Part of their reorganization is going to be wiping out the shareholders. Icahn sold at less than a dollar. There was a pop from short sellers buying and then some retailers thought it was cheap, so why not. Too much debt. The shareholders are going to get smoked on this one in the end.
Yeah whoever is left holding the bag is going to get crushed
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