Worldcom has just filed bankruptcy..

[fatbaby]

...

edit: cnn link

If WorldCom emerges from bankruptcy with a stronger balance sheet and minimal debt, "that will give us certain advantages, (but) I really doubt that you're going to see us beginning a price war as a result of this," he said.

Shares of WorldCom closed Friday at 9 cents on Nasdaq. The company's once high-flying stock, which rocketed to $64 in 1999, had made it one of the darlings of the Wall Street bull market. Its swift drop epitomized the bombed-out telecom industry that crumbled under a glut of capacity, excess debt and accounting scandals.

 

[Colt45]

I want some worldcom stock.

where can i buy $10 worth?

 

[TallBill]

hmm.. can u even still buy stock.. at 9 cents a share with a company going under? never know.. 9 cents could turn into a buck... 10 bucks could turn into 100 real quick

 

[Sluggo]

Originally posted by: bob970
hmm.. can u even still buy stock.. at 9 cents a share with a company going under? never know.. 9 cents could turn into a buck... 10 bucks could turn into 100 real quick

Not with a bankrupt company, the stockholder will be last on the list of people who get any money from selling off assets.

 

[Colt45]

Originally posted by: bob970
hmm.. can u even still buy stock.. at 9 cents a share with a company going under? never know.. 9 cents could turn into a buck... 10 bucks could turn into 100 real quick

and if it doesnt.. there goes a whole $10. lol

i don't know anything about stock though :-/

you go buy it in person somewhere or what?

 

[NogginBoink]

Gee, color me shocked.

 

[fatbaby]

if i recall correctly, enron was $.01 on its last day of trading

 

[Vegito]

i'll sell u some stock...

like a dollar a share..
just mail me or paypal me

 

[sohcrates]

should be a *great* weeks for stocks

/me watches funds and cries

 

[HappyPuppy]

There goes the DOW again next week. Any bets on how much it will drop tomorrow at opening?

 

[N8Magic]

Originally posted by: HappyPuppy
There goes the DOW again next week. Any bets on how much it will drop tomorrow at opening?

I'm not even going to look at the stock market tomorrow.