What to do with KM stock?

[morkinva]

250 shares

 

[perry]

Tell me what to do with a couple hundred shares of ENE...

KM

 

[Zim Hosein]

I'd hold the KM stock morkinva, then again, w/ my current portfolio's performance, what do I know

As for Enron stock, toilet paper comes to mind, sorry to hear that you own it Perry.

 

[Peetoeng]

Sell'm @ market. Remember to use the loss against your gain this year.

Invest the money elsewhere, or get yourself a new toy.

 

[N8Magic]

If the money is not needed at the moment, I would hang on and hope that they come up with some kind of restructuring plan.

I was in a similar situation to you, where my shares in Com Dev International (TSE:CDV) were purchased at $7.45, and then dropped to $1.80. I was crapping my pants because the company was losing major money, and I thought they would go out of business.

BUT, I said the hell with it, and just held on. Since then, the company has turned itself around, and the stock sits at $4.03 as we speak.

Good luck!

 

[morkinva]

<< Sell'm @ market. Remember to use the loss against your gain this year. Invest the money elsewhere, or get yourself a new toy. >>



This presupposes that I've had a gain this year. I want my mommy :disgust:

 

[Linflas]

Keep a close eye on it, depending on how they handle their financial troubles you could actually make some money. I bought Covad at .96 a share while they were in bankruptcy and when they came out of it in December the stock jumped pretty quickly (currently hanging around the $2.50 level). Good luck.

 

[Peetoeng]

<<

<< Sell'm @ market. Remember to use the loss against your gain this year. Invest the money elsewhere, or get yourself a new toy. >>



This presupposes that I've had a gain this year. I want my mommy :disgust: >>



2002 is only 16 days old! Even if you won't have any capital gain this year, you can still use it as a loss against your taxable income. And even if by dumb chance you won't have income this year, you can carry over your loss to the next year.

 

[glenn1]

<< Sell'm @ market. Remember to use the loss against your gain this year. >>



I agree. Book your loss now, and if after the wash rule period, you think KM is worth taking a flier on, get back in (at a significantly lower cost basis). Unless you think the stock is going to pop within the next 30 days that is. Personally, i think that's betting a losing hand though.

 

[morkinva]

[loser] um, I guess its too late to sell now? [/stupid]

 

[samurai20]

Blue Light Special For The Day ... your ass on a platter!

you've lost a grip of money so far, might as well hang on... K-Mart probably won't go bankrupt.. they've got lots of real estate. But I don't the stock coming up any time soon.

 

[yodayoda]

for the enron, try and get stock certificated printed. they could be collectibles some day. hey, do you remember when that guy tried to sell a thousand shares of iridium on ebay? it was worth less than the insertion fee for ebay, but they still took it down because it violated their rules. hehehe, try AT FS/FT forums....

 

[Kenazo]

hehe sux I bought IMCL after it went down to $40 beginning of January. Unfortunately, since then they've had 7 lawsuits against them, and now a federal investigation Now sitting at $20. But hey you win some you lose some....AGP on the TSE is now up to $1.35

AGP<---solid company with more room to move

 

[PsychoAndy]

call your brokerage, get them to mail you the paper certificates. if kmart survives, then mail them back.

if they dont, i suggest either you take up origami or stock the bathroom. My .02.

 

[amdskip]

shoulda bought walmart like me