Circuit City

[GE4511]

is currently at 33 cents a share. This company was above 5 dollars a share six months ago. They are closing over 100 stores and have received a notice from the NYSE that they may be removed.
Question: would this not be a good time to invest in their stock? This is probably their low point. The holiday season is just around the corner. Would it not be unrealistic to see this stock shoot back up to a dollar?

i'm new to this so all feedback is welcome

 

[155mph]

I'm new at this as well but considering how bad the economy is and will be for a while, I think it's a terrible investment. There is a very good chance that CC goes bankrupt which will cause you to lose all your $$. I'm sure there are traders out there that will make some $$ on it SHORT term, but I would stay away.Good Luck to you buddy!

 

[GE4511]

thanks for the reply