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goldminingXpert (99.74)

The Bell Tolls For ACAS

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January 29, 2009 – Comments (2) | RELATED TICKERS: ACAS , EAD

American Capital is down 16% to $3.50 today... this isn't nearly enough. After seeing partner in crime Allied Capital drop 50% yesterday, and another 20% today, you've got to be worried if you're long ACAS. You see, ALD and ACAS are both out of money... however ALD's insolvency is more clearly apparent... look to get out on the next bump up ACAS shareholders, cause your stock price is going to become increasingly Allied with ALD. ALD last trade: 1.54 -.37 (19%)

Disclosure: GMX has never had, and presently does not have, and does not ever envision having a position in ACAS. He also has no position in ALD.

2 Comments – Post Your Own

#1) On January 29, 2009 at 12:13 PM, retailsails (98.92) wrote:

It certainly is a pretty waterfall chart though, no?  I hope all the CAPS players who have green thumbed this one to 3 stars have stayed away in their rm portfolios...

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#2) On February 01, 2009 at 2:03 PM, foolsMeThrice (99.59) wrote:

I went to ACAS website and went through thier holdings.  Subsequently, I closed my pick.  Two days later it tanks. The great dilution theory applies to this company.  Also I think their holdings are garbage.

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