Photo by David Monje on Unsplash
Dear Readers,
Thank you for coming here!
I guess the more serious post about investing has to wait again.
I would like to share with you in this post about one of my speculations that resulted in 60% in one day.
WPG
I thought this one is worth a shot, given its current pricing and trends. I know they are debt heavy, but it seems that they can hold.
So I entered last Friday.
And it decided to file for bankruptcy under Chapter 11.
It was my first time encountering this situation and I was quite nervous about losing all my investment.
So I went on to read about Chapter 11.
It seemed not that bad: it is restructuring with some protection period for the company from the debt collectors.
And I found out that GM was once in this...