Big Lots, Inc. BIG
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Need.41 to short it
BK..No doubt
It's a bet..80% bk..20% jump to 1-1.2..
On earnings.. you wil get a low surprise..that day this will drop to .20
The risk reward ratio is not balanced.. bk get 0 vs recover may get back to 2... preferred to bet on a sport and win more
Sold all my 1150 shares..for a 400$ loss.. wanted to see on earnings if is bankruptcy or not..but all news bought me.. specifically the bonus one..
simple.. today $BIG is prepared to file bankruptcy.. on next earnings it will be confirmed or not... that's the bet.. how much you want to bet depends on your finances. For me, a beginner, I'll bet 300 shares.for a target of max 3..so bet a 150$ to get 1000$.. I've lost more playing power ball and mega millions..
1150@.97 holding to earnings.. how risky is it?
What happens when a stock goes to bankruptcy.. does the shareholders get a compensation or loose everything?..
Not today.. next week
