Hey /biz/. What are the chances that a stock will bounce back after filing a chapter 7. I'm looking at 2 stocks right now that are under a dollar a share, and I feel like they have good fundamentals and that the company will survive. Wouldn't it make sense to buy shares for .50 if I think the company won't be liquidated? It's not like the shares can drop any lower. The stocks I'm looking at are SDRL, TDW, which were both 50+ at one point when oil sold for a lot more than it is right now
why would you buy fucking shares in two failing companies when the crypto market is blowing up right now...
anon, the stock market is overheated. it's too fucking high right now, and it's high for no good reason. do not buy *any* fucking stocks, let alone penny stocks in two companies that are about to bust