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Posted: 4/5/2024 9:22:35 AM EDT
I have some penny stocks that folded (1 share of Smile Direct Club, 10 shares of Infinity Pharmaceuticals) and the stock value is zero. I'm out like $35.
Is there a reason to leave these in my portfolio, or should I pursue deletion of them? I didn't know if it was possible for them to be worth something later after liquidations or whatever happens to companies that shit the bed. |
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Posted: 4/5/2024 9:35:40 AM EDT
[#1]
I had a penny stock that went out of business. I just left it alone. Years later another company bought the ticker symbol and I had shares in the new company. They did enough reverse splits that my share count fell too low and its gone. LDSR was the ticker.
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Posted: 4/5/2024 10:30:39 AM EDT
[#2]
Leave them as a reminder and a warning to not do stupid things.
“The First Rule of Investing: Don’t Lose Money”. - WB |
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Posted: 4/5/2024 10:47:56 AM EDT
[#3]
Quote HistoryOriginally Posted By BillofRights: Leave them as a reminder and a warning to not do stupid things. “The First Rule of Investing: Don’t Lose Money”. - WB Link to Crystal Ball? |
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Posted: 4/5/2024 11:18:34 AM EDT
[#4]
Quote HistoryOriginally Posted By jos51700: Link to Crystal Ball? Technical Analysis for Stocks: Beginners Overview |
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KY, USA
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Posted: 4/5/2024 11:28:05 AM EDT
[#5]
I would just leave them be. As already mentioned, they serve as a good reminder of the fact that stocks do go to zero some times. There is a possible chance that you can recover some thing in the future, but not likely. It has happened before, though.
The only value they have currently is as a loss on capital gains if held in a taxable account. |
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Posted: 4/5/2024 11:42:08 AM EDT
[#6]
LOL
I lost 4k+ yesterday. Got it back today. Welcome to the stock market. |
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TN, USA
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Posted: 4/5/2024 3:55:24 PM EDT
[#7]
Sock it to em'
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