THIS IS A WEIRD MARKET...
WHO'D OF THOUGHT THAT RETAIL INVESTORS WOULD BE PLUNGING IN PENNY STOCKS....THAT ARE NOW BANKRUPT FORMER BLUE CHIPS...
THE FACT THAT THESE BLUE CHIPS ARE PENNY STOCKS CLEARLY SHOWS THAT THE SMART MONEY IS NOT BUYING THEM...OR THEIR FUTURE RETURNS...
SADLY THE RETAIL PLUNGERS ARE ATTRACTED TO THESE BANKRUPTCY PLAYS...AND OFTEN LOSE MOST OF THEIR MONEY...
THE OLD RULE OF NOT INVESTING IN STOCKS SELLING UNDER $10 IS MORE TRUE TODAY THAN EVER...
BUT ODDLY THAT RULE NOW APPLIES TO THE OLD BLUE CHIPS OF THE 20TH CENTURY...GE, GM, FORD, CITIBANK, BOA, AND THE LIST GOES ON...
