If a company goes bankrupt like LEH can people buy there stock and wait for the price to go back up?

Just like pricewatch burst many years ago. Cant someone buy a stock when it hits rock bottom and wait for it to go back up? Or does bankruptcy mean this company is done for good? Im lost because I thought that chapter 11 was just clearing out there debts. Donald Trump has done this atleast 3 times already.

Technorati Tags: bankruptcy, chapter 11, debts, donald trump, rock bottom, stock

Posted January 22nd, 2010 in Bankruptcy Q and A. Tagged: bankruptcy, chapter 11, debts, donald trump, rock bottom, stock.

2 comments:

1. blackcat:

   The rule is that cheap stocks get cheaper before they go higher.
   But sometimes Trump and others get lucky. (or have insider knowledge maybe)

   January 22nd, 2010 at 5:56 am
2. ☆ ι ♥ ιƝκ ☆:

   yes. many people are buying shares right now becasue they are so cheap and they are praying it goes back up!

   January 22nd, 2010 at 5:56 am

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