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1/25/2018 7:38:29 AM
Posted: 7/25/2002 5:53:59 AM EST
It's up almost a penny!! [:D] I'm rich!!! [;)] Aviator [img]www.milpubs.com/aviator.gif[/img]
Link Posted: 7/25/2002 6:00:00 AM EST
Damn, did a bunch of you bastards read this and sell? Now it's only up .007 [;)] Aviator [img]www.milpubs.com/aviator.gif[/img]
Link Posted: 7/25/2002 6:02:29 AM EST
Link Posted: 7/25/2002 6:06:40 AM EST
I think WC is going to dig itself out. Imagine the winfall if the stock goes back up to its former value! If you buy $35 worth of stock and actually get the stock certificate, if the company TANKS completely, you can still sell the stock certificate for $40 on Ebay and STILL make a profit! That's what I'm doing! I'm buying for everyone I know, then cashing in and doing it again. The expended stock certs are worth far more than the actual stock! Look up "Enron stock" on ebay and see what they are going for.
Link Posted: 7/25/2002 6:07:06 AM EST
Hey, it may go up [b]2 cents[/b] today. It's early. Aviator [img]www.milpubs.com/aviator.gif[/img]
Link Posted: 7/25/2002 6:20:59 AM EST
I'm betting justice will NOT charge the corporation with crimes, but will only charge individuals. If the corp. is charged, it will probably go belly up (we lose all). I don't think justice will do this as the # of jobs lost would be high, also "national security" issues will keep worldcom afloat. Lucky us. Creditors meeting has been scheduled for Monday.
Link Posted: 7/25/2002 6:48:47 AM EST
Bastards changed the ticker to WCOEQ, now I can't read their company perspectus. So for us newbie investors, what's a good starting investment 10,000 shares? [:D] This is like stock options without waiting.
Link Posted: 7/25/2002 7:06:20 AM EST
I just bought 1100 shares 0.18, as that was all I could spare right now... I'm praying it goes up at least a couple of bucks within the next few months. If they fully rebound, which is what most are expecting, then we'll be sitting on a nice little sum of $$$, for our $200 investment. [:D]
Link Posted: 7/25/2002 7:09:17 AM EST
Originally Posted By Chaingun: Bastards changed the ticker to WCOEQ, now I can't read their company perspectus. So for us newbie investors, what's a good starting investment 10,000 shares? [:D] This is like stock options without waiting.
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Whatever you can lose. I have 2777 shares. If the company craps out and liquidates I think I'll get maybe $20/share (bought at .18). If it goes up in value, say $25-30 in the next couple of years, do the math. There IS the chance to lose all you put in, Keep in mind, the company has about a 3-1 asset to debt ratio, and 30 billion in revenue/year. BTW, I'm a newbie investor too..
Link Posted: 7/25/2002 9:35:07 AM EST
Link Posted: 7/25/2002 9:47:21 AM EST
Which way of trading do you use? I USED to use Datek, but then they said I had to make so many trades per year. Any out there that are minumum trades?
Link Posted: 7/25/2002 10:07:48 AM EST
I posted something to this effect on Monday.... I knocked $2K on Monday alone on the day trade. However, it's too soon to take a large position for a portfolio hold. As soon as they announce the receivership trustee and appoint new management after presenting the reorg plan, you will have a better idea of what to expect. Ultimately, they are a viable business with assets, customers, and cash flow. They will reorg and survive either alone or as an acquisition. Either way, the share price will be significantly higher than what it is trading at today. HOWEVER, part of the reorg plan could involve one or more strategies that will essentially fuck over existing shareholders. That's why I say it's too soon to buy and hold. You can still make good $$ on it by playing the fast trade if you have any cajones. If it backs off under .10/ share then I will jump on the ticker again. However, with 142,867,392 shares traded today alone @ 3pm, it's not likely. The price will continue to hold within a narrow band of high and low until the volume drops off. Then the guys who waited will start to get nervous and dump their positions. Price falls as they take the cash. The bears will be hiding in the cave to step in again.
Link Posted: 7/25/2002 10:31:55 AM EST
AOL Time Warner is also a steal right now, floating around under $10.
Link Posted: 7/25/2002 10:40:46 AM EST
Originally Posted By BenDover: HOWEVER, part of the reorg plan could involve one or more strategies that will essentially fuck over existing shareholders. That's why I say it's too soon to buy and hold.
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Agreed; the debtholders, especially the secured creditors, will get the lions share of the payout. If this follows the usual pattern the existing equity holders i.e. shareholders will get the shit end of the stick, and AFAIK there's no reason to expect this situation to be any different. At the very least expect a substantial dilution of the existing shares. If you want to buy 100 shares to have some fun go ahead, but if you're seriously looking to make money from a buy-and-hold strategy this is a terribly risky way to do it.
Link Posted: 7/25/2002 10:45:18 AM EST
how common is it for companies coming out of chapter 11 to cancel their stock? how often do places go ch 11?
Link Posted: 7/25/2002 10:53:45 AM EST
Originally Posted By iNuhBaDNayburhood: I'm liking the WorldCom stuff too. With the AMT of shares I have now in WCOEQ, if it goes up to about 1.00 I'll have made a small fortune (in the eyes of a college student). 5600 shares is nice living for a 22 y/o. [;)] (Bought @ .18)
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I bought 5882 shares of Worldcom for .17 yesterday. I think there a good chance for big money on this stock. Only time will tell [beer}
Link Posted: 7/25/2002 11:02:15 AM EST
[Last Edit: 7/25/2002 11:10:46 AM EST by HKer]
What is worldcom's ticker symbol? And what's the easiest way for somebody who doesnt have a broker to pickup a couple hundred dollars worth of stock???
Link Posted: 7/25/2002 11:05:42 AM EST
Originally Posted By HKer: What is worldcom's ticker symbol?
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SCAM
Link Posted: 7/25/2002 11:06:51 AM EST
WCOEQ
Link Posted: 7/25/2002 11:08:45 AM EST
Originally Posted By HKer: What is worldcom's ticker symbol?
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WCOEQ
Link Posted: 7/25/2002 11:11:15 AM EST
WCOEQ, they changed it recently, double check by doing a search on a financial website. I'm in too, but only 500 shares. I have to check in with Datek to see at what price. But it's only like 95+ bucks total. I won't be sad if it goes down but I will be very, very happy if they do recover and become a solid company again. We'll see what happens.
Link Posted: 7/25/2002 2:20:35 PM EST
Originally Posted By liberty86: If the company craps out and liquidates I think I'll get maybe $20/share (bought at .18).
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You wish!
Link Posted: 7/25/2002 2:42:15 PM EST
[Last Edit: 7/25/2002 3:01:55 PM EST by liberty86]
Originally Posted By HKer: What is worldcom's ticker symbol? And what's the easiest way for somebody who doesnt have a broker to pickup a couple hundred dollars worth of stock???
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WCOEQ [url]www.buyandhold.com/[/url]
Link Posted: 7/25/2002 2:44:45 PM EST
Originally Posted By SNorman:
Originally Posted By liberty86: If the company craps out and liquidates I think I'll get maybe $20/share (bought at .18).
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You wish!
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We'll see, should have a good idea of what's happening by the end of next week....
Link Posted: 7/25/2002 3:38:52 PM EST
I'm betting on a reorg and a bump to $3 by year's end. I think this one is different than Enron and I've got a good feeling about investing. Not to mention the REAL tangible value of stock in hand! Get enough WC stock certificates and you'll recover your loss if it goes belly up!
Link Posted: 7/25/2002 3:48:46 PM EST
Originally Posted By Balzac72: I'm betting on a reorg and a bump to $3 by year's end. I think this one is different than Enron and I've got a good feeling about investing. Not to mention the REAL tangible value of stock in hand! Get enough WC stock certificates and you'll recover your loss if it goes belly up!
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If you buy stock from someplace like www.buyandhold.com do they actually mail you stock certificates (i.e. paper)?
Link Posted: 7/25/2002 3:56:28 PM EST
Originally Posted By anti-gov-tinfoil-man:
Originally Posted By Balzac72: I'm betting on a reorg and a bump to $3 by year's end. I think this one is different than Enron and I've got a good feeling about investing. Not to mention the REAL tangible value of stock in hand! Get enough WC stock certificates and you'll recover your loss if it goes belly up!
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If you buy stock from someplace like www.buyandhold.com do they actually mail you stock certificates (i.e. paper)?
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They will if ya wanna, costs extra. Stop hemmin' and hawwin'.Jump in!!!
Link Posted: 7/25/2002 4:06:25 PM EST
Originally Posted By liberty86:
Originally Posted By anti-gov-tinfoil-man:
Originally Posted By Balzac72: I'm betting on a reorg and a bump to $3 by year's end. I think this one is different than Enron and I've got a good feeling about investing. Not to mention the REAL tangible value of stock in hand! Get enough WC stock certificates and you'll recover your loss if it goes belly up!
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If you buy stock from someplace like www.buyandhold.com do they actually mail you stock certificates (i.e. paper)?
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They will if ya wanna, costs extra. Stop hemmin' and hawwin'.Jump in!!!
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Still trying to get at least a vague picture of my odds of profiting. I've got $100 bucks I can play with, and I figure the price will be in the 17cent area at least until they announce the reorg plans, so until then, i'm digging for information. I don't have neither the time, money, nor the confidence to play with the day trading crap, so if I jump in, it will be for the long run. Need more information.
Link Posted: 7/25/2002 4:21:04 PM EST
Is there a online broker that doesn't want a monthly fee? [url]www.buyandhold.com[/url] wants 6.99 a month for 2 free trades. I just do not see myself making that many trades a month. Oh yeh, I am a green horn newbie in stocks as well. But I am ready to go! [bounce]
Link Posted: 7/25/2002 7:17:16 PM EST
Originally Posted By AR15forfun: Is there a online broker that doesn't want a monthly fee? [url]www.buyandhold.com[/url] wants 6.99 a month for 2 free trades. I just do not see myself making that many trades a month. Oh yeh, I am a green horn newbie in stocks as well. But I am ready to go! [bounce]
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Go with [url]ameritrade.com[/url] If I remember right you get the first25 trades free[:D]
Link Posted: 7/26/2002 5:03:27 AM EST
As of the first 10 minutes of trading this morning, there have already been over 14 million shares of WCOEQ traded... Last evenings news announced that the government is going after the [b]people[/b], more than the company as a whole, so that should work in our favor in a huge way. This is the news everyone has been waiting for. Today just could be the day!
Link Posted: 7/26/2002 5:16:28 AM EST
Originally Posted By antiUSSA: As of the first 10 minutes of trading this morning, there have already been over 14 million shares of WCOEQ traded... Last evenings news announced that the government is going after the [b]people[/b], more than the company as a whole, so that should work in our favor in a huge way. This is the news everyone has been waiting for. Today just could be the day!
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I don't think "todays the day". Depends on what happens next week. Monday creditors meeting, and next week justice COULD indict the company,(I'm betting they don't). I tend to agree with Ben Dover. I plan to hold a while, but there is still a huge risk here...
Link Posted: 7/26/2002 5:22:25 AM EST
[Last Edit: 7/26/2002 5:23:02 AM EST by Aviator]
I gotta admit, this is pretty fun, and considering I am only into it for 1k shares, Its a lot cheaper for me than a few hours at a casino when the dice are not rolling my way. The potential payoff is much better too I think if things to happen to work out. Forst time ever I have had a stock ticker on my desktop. Kind of fun to keep an eye on the price during the day. I doubt anything changes for a few days, but still interesting to watch it go up and down ever so slightly. Aviator [img]www.milpubs.com/aviator.gif[/img]
Link Posted: 7/26/2002 5:41:33 AM EST
Where did you get the stock, and the ticker??
Link Posted: 7/26/2002 5:50:41 AM EST
Originally Posted By anti-gov-tinfoil-man: how common is it for companies coming out of chapter 11 to cancel their stock? how often do places go ch 11?
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When a company emerges from Ch. 11 a new legal entity is created and new shares are issued as specified in the reorganization plan submitted to and approved by the court. Old shares are exchanged for new at the court-approved exchange rate. The kicker is that the pre-existing debtors and the new debtors who loan the company money during chapter 11 proceedings get first dibs at the new equity; the existing debtors in exchange for forgiving part or all of the debt owed and the new debtors in exchange for them agreeing to loan money or provide saleable product while the company is in Ch. 11. Here's a quote from an article released yesterday regarding Williams Communications (another telecom company in Ch. 11): [url]www.nasdaq.com/asp/quotes_news.asp?symbol=WCGRQ&selected=WCGRQ[/url] "Formal committees generally aren't appointed to represent shareholders, who take a back seat to all other creditor groups in Chapter 11 and frequently aren't entitled to any recovery." Only time will tell if the current selling price of the stock accurately reflects the value assigned it in the reorganization plan. If you buy and hold you might do well...or you might not.
Link Posted: 7/26/2002 5:54:49 AM EST
Originally Posted By anti-gov-tinfoil-man: how common is it for companies coming out of chapter 11 to cancel their stock? how often do places go ch 11?
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I had 2,000 shares of Planet Hollywood that I lost during a reorg. When they reissued stock, they only issued to shareholders who had 5,000 or more shares. Phuckers. I am keeping my eye on WCOEQ though.
Link Posted: 7/26/2002 10:38:35 AM EST
Originally Posted By Chimborazo:
Originally Posted By anti-gov-tinfoil-man: how common is it for companies coming out of chapter 11 to cancel their stock? how often do places go ch 11?
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I had 2,000 shares of Planet Hollywood that I lost during a reorg. When they reissued stock, they only issued to shareholders who had 5,000 or more shares. Phuckers. I am keeping my eye on WCOEQ though.
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Thats why I bought over 8000 shares of WCOEQ.[:D]
Link Posted: 7/26/2002 1:45:08 PM EST
Well boys, we made some money today, how's it feel to be a "high roller"??
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