4/29/24 🦍’s Watchlist 2.0 🚨
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#daytrader #stockmarket
#stocks #watchlists
#newsinformation
#stock_drift #fmpsupporter
#sofi #amc
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Daight : May I know why do you watch plce if their bankruptcy is looming? shouldn't you avoid them?
Stock_DriftOP Daight: ???? Who???
Daight : $Children's Place (PLCE.US)$ this one I mean.
you put bankruptcy looming.
Stock_DriftOP Daight: Did you do any research on it yourself?
Stock_DriftOP Daight: Bad news isn’t necessarily bad news, check their ticker.
Daight : oh ok, ty for answering.
xforce : Hi, i hold some ZCMD on hand. Still in lose... one of my bad investments. Undecide to cut lose or holding
gamblingisfun3027 Daight: Companies that look like they're gonna go bankrupt soon can actually be really amazing plays, if they suddenly look like they're gonna survive for longer than expected. e.g. $Carvana (CVNA.US)$ , everyone thought they were gonna go bust and suddenly they shot up over 10x from their 2023 lows.
$Children's Place (PLCE.US)$ might be in a similar situation, they've got great loans from Mithaq. Feel free to go read about the company and recent news on it (disclaimer, I own shares of PLCE)
Stock_DriftOP xforce: It’s currently in the green, do the best you can.
Daight gamblingisfun3027: thank you for the explanation.