How to find Patriot

Patriot Coal is trading under either PCX or more likely today you’ll find it under PCXCQ. It’s currently trading at about 22 cents a share or so and that’s just about my cost basis after two small tranches of buying. I’ll buy more if it gets down near 20 cents and otherwise, I plan on holding the shares I’ve got for the next week or so, looking for a possible double or triple if this works out as well as the AMK and EK bankruptcy trades we did like this. On the other hand, this is an extremely risky trade and I could lose most of my capital on it even over the next couple weeks as this stock will eventually end up worthless at some point. Remember, this is not an investment but is a short-term trade.