Another interesting development and chart pattern on Mirant. Maybe the Lord will be kind to us and forgive us for our foolish ways...
Unless it's pure speculation, this is an encouraging sign for Mirant shareholders whom I expected to end up with shares worth nothing when the dust settles.
That certainly is an interesting and dramatic jump!
Things are looking UP !! And on INCREASED volume, too.
That's a good sign. :^)
I worked at Mirant in Georiga for about six months-security work (laid off). The CEO and all the fat cats are very comfy with free drinks, lunch etc. They waste tons of money and gave themselves nice hefty raises last year or was it bonuses- I forget. Most of the regular employees are gone-replaced by temp workers which cost far less in terms of benefits and salary. The poor stockholders are being taken to the cleaners by these irresponsible 'company' officers. The people that work there are very nice and gave many gifts to soldiers last Christmas,a but they are merely pawns. I don't think it is right that these people can run a company into the ground...all of the officers should have been fired immediately after the bankruptcy.