NASDAQ:CZR   CAESARS ENTERTAINMENT CORP
17 views
1
17 0
Massive selloff triggered the circuit breaker, CZR got halted. News came out about CZR facing bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion.

I shorted after the reopen of the 1st halt. CZR got halted several times under 30 minutes. I got too greedy and held my short position through several halts. After the 4th halt and it reopened, the stock bounced up. I still covered with a profit but it could have been more.

Good lesson: Facing bankruptcy doesn't mean the stock should go to zero.

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out