Dr. Hsigh, I have a friend who has CIT stocks, Cost around 1.20, now is 0.16, what's your suggestion? Sell all? partial sell? Hold it? We don't know what CIT will do after Chapter 11. please advise. Thanks! - Woody
版主回覆：(01/26/2012 05:40:11 PM)
Well, if you look it this way, cost $1.20 now $0.16, that's 90% gone...... It also depends how many shares your friend owns..... but I know once CIT file Chapter 11, all common shares are basically equals to zero. 所以看他是不是還想拿回他的10%資金, 想就現在賣掉. When CIT comes out of Chapter 11, they will issue "new shares", when I say new shares, I don't mean additional shares, it will be a brand new company, thus whatever that $0.16 will eventually be worthless. 現在還有人"trade"那$0.16 on pink slip 是因為還有許多"不懂"的呆瓜在花錢買壁紙, 幻想有一天會再漲到$1. 除非你是CIT prefer shares或bond holders, 公司出事後, common shares holders 都是墊底的. 而且, 光是每天想那90% lost的痛苦, 不如做個了斷 and move on.
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Dr. Hsigh, I have a friend who has CIT stocks, Cost around 1.20, now is 0.16, what's your suggestion? Sell all? partial sell? Hold it?
回覆刪除We don't know what CIT will do after Chapter 11. please advise. Thanks! - Woody
版主回覆：(01/26/2012 05:40:11 PM)
Well, if you look it this way, cost $1.20 now $0.16, that's 90% gone...... It also depends how many shares your friend owns..... but I know once CIT file Chapter 11, all common shares are basically equals to zero. 所以看他是不是還想拿回他的10%資金, 想就現在賣掉. When CIT comes out of Chapter 11, they will issue "new shares", when I say new shares, I don't mean additional shares, it will be a brand new company, thus whatever that $0.16 will eventually be worthless. 現在還有人"trade"那$0.16 on pink slip 是因為還有許多"不懂"的呆瓜在花錢買壁紙, 幻想有一天會再漲到$1. 除非你是CIT prefer shares或bond holders, 公司出事後, common shares holders 都是墊底的. 而且, 光是每天想那90% lost的痛苦, 不如做個了斷 and move on.
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回覆刪除版主回覆：(01/26/2012 05:40:05 PM)
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回覆刪除版主回覆：(01/26/2012 05:40:04 PM)
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