How low can the price of a stock go before it's nothing?

Question

I bought 350 shares that cost over $5.00 each. now they're $0.027 each.

Answer 1

Yep, they can go down to below $.01.

I'd just hold on to them and when they're declared worthless use it as a loss deduction for your taxes. They aren't worth the fee to sell now.

Good luck and stay away from penny stocks!

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Answer 2

Well, I've a couple of penny stocks that will probably never see a penny. They are listed at $0.0001 per share. I've only about $200 in it, but it is "worth" $11.10 today (111,000 shares). If the share price ever gets back to where I first bought in, well this would be worth some $3100.

Then I've got one worse. I bought into a VOIP company that shuffled its value around in some shell companies and stock layers. They sold out then sold the empty shell to a tin mine in Nevada, that "investment" is listed on my brokerage sheet as worth $0.0008, total. I was on vacation when that little piece of larceny took place and no one has wanted the shares in its succeeding devolutionary spiral.

But then I bought into a company with a new way of making vaccines, and for less than both of those examples were at my originally invested price. It shot from fractions of a cent a share to a couple of bucks when I bailed. It an another less stellar has more than paid for these little losses.

In your case, it will cost more than the brokerage to clean that little piece of business off. There is an old expression we both could have learned from if we used it just a bit more often, "Cut your losses." It is hard to do. About four or five times I've cut my losses just as the stock was about to turn a corner, so the "cut your losses" thing helped me do the opposite of "buy low, sell high." Hang in there. We all have our fumbles.

Answer 3

It can go to some very low fractions...the folks saying $0.01 are wrong.

Not that this was your question, but this investment has far more value as a tax deduction than it does as a stock. You've got a roughly $1,750 loss for taxes...that figures to be worth several hundred dollars as opposed to $8 for the stock. Assuming the company is truly hopeless, and it doesn't wind up by the end of the year, it may be worth spending a few bucks to sell it to get the tax break sooner.

Answer 4

So sorry to hear that== everyone gets bit once in awhile... hold them and declare as loss or could transfer to chuch/charity for deduction

Answer 5

the more it grows..the less the shares are

Answer 6

.01

Answer 7

$0.01