4/29/24 🦍’s Watchlist 2.0 🚨

Daight : May I know why do you watch plce if their bankruptcy is looming? shouldn't you avoid them?

Stock_Drift OP Daight : ???? Who???

Daight : $Children's Place (PLCE.US)$ this one I mean.
you put bankruptcy looming.

Stock_Drift OP Daight : Did you do any research on it yourself?

Stock_Drift OP Daight : Bad news isn’t necessarily bad news, check their ticker.

Daight : oh ok, ty for answering.

xforce : Hi, i hold some ZCMD on hand. Still in lose... one of my bad investments. Undecide to cut lose or holding

gamblingisfun3027 Daight : Companies that look like they're gonna go bankrupt soon can actually be really amazing plays, if they suddenly look like they're gonna survive for longer than expected. e.g. $Carvana (CVNA.US)$ , everyone thought they were gonna go bust and suddenly they shot up over 10x from their 2023 lows.

$Children's Place (PLCE.US)$ might be in a similar situation, they've got great loans from Mithaq. Feel free to go read about the company and recent news on it (disclaimer, I own shares of PLCE)

Stock_Drift OP xforce : It’s currently in the green, do the best you can.

Daight gamblingisfun3027 : thank you for the explanation.