I made a BIG mistake and purchased about 300,000 Shares. At the time of purchase it was BIG money, and now its worth about $400 IF that.
I purchased GZFX at .99, and at .0046. I have lost so much money on this stock, that i dont know what to do. Somebody gave me a TIP and i trusted them.
Can someone that knows some knowledge about stock tell me if i should cut my thousands of dollars losses and get out, or hope they will make it to something?
2007-02-13 14:11:54 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing
Do you really think this company can compete against the likes of Blockbuster and Netflix?
"This time it is NOT different" Don't rely on "hot tips", look for companies that actually make money. Earnings do matter as many people learned back in March of 2000. Do you have earned income? Use the losses to counteract up to $3,000 per year of earned income.
2007-02-13 14:37:34 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋