![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfNMq84m_6RbMr3ydyBCHwFOHdt6vusDQR7W1S2Sty7PNSAf4DXmPD5-r-J8nryeIdUEc1XZZImQVXZUwk0kko5gO8ebxNV6rObxumFTph7q-BX2Hgi6l8GjGl2Ey7Y4da5G_64w/s400/blockbuster_video_store.jpg)
Last Tuesday, just after lunchtime, I stopped by Blockbuster with my kids. We rented the all-time classic 80s kids' flick - The Goonies.
The clerk there talked me into joining and anteing-up for the *Blockbuster Rewards* program.
So what do ya know?
I get home later that afternoon and see headline rumors about Blockbuster filing for bankruptcy.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiS-m1yK2S_m-SDdJ0zL0ZZIECcJXPiJ6kocZGdh8-aL4T7EvlogJsF_CuhDwAVcUdfuWvQ8SKSpoxZeyOsXvmFUJ8bm6wWcef64ZNAk6gOiYBsIJvn2YCXhuMqTdIuVW3VFy29_g/s400/blockbuster_bbi_march_3_2009_bankruptcy.png)
Look at the intraday chart above. Seemingly, once they got my $10, they decided to *file*!
Alright, they haven't officially filed yet, but it won't be long.
25% of the float is shorted even though this turd trades well under a dollar per share.
Adding insult to injury,.....The Goonies was all scratched up. We had to skip the best part where the kid gets to make-out with his older brother's girlfriend.
Captain Lou Albano, "Rowdy" Roddy Piper, Bobby "The Brain" Heenan, the Iron Sheik,....and Cyndi Lauper!
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