Roger136913 From United States of America, joined Aug 2005, 473 posts, RR: 0 Posted (9 years 8 months 1 week 3 days 16 hours ago) and read 1270 times:
I hope this is the right place to post.
I see Delta's stock at closing today is $0.75 a share.
Now this might sound silly, but would it be a stupid move to buy shares?
I know they are in chapter 11 and all, and I know it's a risk. But the low price looks too good to pass up.
Any Stock Brokers out there with an insight? Could I but say 1,000 shares? what fees would I be looking at to buy and what fees to sell?
I am plain brainless when it comes to Stocks other then checking the current prices.
MAH4546 From Sweden, joined Jan 2001, 33662 posts, RR: 71
Reply 2, posted (9 years 8 months 1 week 3 days 16 hours ago) and read 1244 times:
Don't waste your money buying shares. Buy Delta bonds. If Delta comes out of bankruptcy, which is likely, people who buy Delta bonds now stand to benefit. I wish I bought some K-Mart bonds when they went into BK...people who did made out like bandits.