Re: Shorting a stock and it goes to Zero
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I'm not sure if Enron has yet gone to zero. It still traded after bankruptcy for a long time as a penny stock even though the shares were worthless. In that case you buy to cover in the market.
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yeah what's up with that btw? Was it still possible for Enron to make money somehow when it was trading for a few cents?
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No, but people like my mom didn't want to believe that, and their brokers were more than happy to earn some commissions off their trades. Unless Enron goes through the hoops to prevent trading, people still own their shares and can trade them on the pinksheets.
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