Jun. 20 at 10:38 AM
$WOLF If I recall correctly, when spirit air tanked on BK filing rumor, but when it didn’t happen right away, I remember seeing it rebound more than 100%…but of course BK happened eventually.
I’ve seen number of stocks that do crazy dips and spikes leading to actual BK filing. Could be high risk high reward play but it’s too uncertain for me.
That said, what I’m most interest in is if WOLF can offload big chunk of burdensome debt through BK filing, then super lean post BK WOLF might actually turn out to be a great value to invest in…depending on the IPO price.
In the meanwhile,
$STM is supposed to benefit the most on Wolf’s BK filing.
Keeping a close watch on both of them.
$SOXL $SOXS
