Is it good time to buy INDYMAC stocks now?

Question

INDYMAC stock is at 0.10 now. It's pretty cheap!!!! Help me make a decision PLEASE!!

Answer 1

no. stay away from it

Answer 2

No offense.... but asking a question like that says you shouldn't be investing right now.  Take a year or two and learn this  stuff....... then look back at your question.

Answer 3

not unless you have the time and money to be in a drawn out bankruptcy fight for the next few years.

Answer 4

Shareholders are paid last and there is no money for that.

I would pass on it.

Answer 5

This is a guaranteed loss.

Speculators are trading it thinking that people will come out of the wood work not knowing how markets work or how a FDIC take over works, and bid the stock while sellers dump the stock.

The FDIC seized the bank on F 07-11-2008 (eve) after the market was closed and everyone was home.

The bank was desisted and trading on the "Pink Sheet." The bank has negative assets. Shareholders will get zero. I think that many of the people suing the bank will get little to nothing. The equity (stock) WILL go to zero.

Have prev posts warning get out of Indymac before the FDIC take over.

advice:

Avoid.