2007-03-19 06:04:45 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
You can not get your money back as basically worthless. sell it for 10 cents if can get it and take the tax loss. Don't speculate in a growing market where it is easy to make money !
2007-03-19 06:15:20 · answer #1 · answered by vegas_iwish 5 · 1⤊ 0⤋
Sorry, but as an equity holder your claim in the company is worthless. Debtholders will be soon in charege and you would probably not get a dime...
You should sell and offset any other short term gains that you generate this year. If you don't generate any, then you might be able to take a tax loss next year.
Good luck and
2007-03-19 06:52:47 · answer #2 · answered by Quilla 2 · 0⤊ 0⤋
Long term would be the bankruptcy court , and
The return would be like the K Mart stock - $ 0.00 .
New Century is at $1.80 today and that is probably the top of its "future" .
2007-03-19 06:16:56 · answer #3 · answered by kate 7 · 0⤊ 0⤋
unfortuneately you bought at the high, as I did with another stock but now im forced to hold because i Took a 75% loss, Sell NEWC now, and wait for it to test 50% of its initial run up or about 1.60~ then buy it at that (small position) if it goes up then get more if it doesnt you limited your loss. OCRI is in a good position to bounce up after getting slaughtered my yahoo messenger is Tamerlane_1360 @yahoo.com
2007-03-19 06:14:19 · answer #4 · answered by MPH Candidate 2 · 0⤊ 0⤋
Sell it now, and think about shorting more.
Sounds like a loser. Been there, done that, with Commodore computers, bought at $6, should have sold at $3, but kept it 'til it was absolutely worthless.
2007-03-19 12:55:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
sell they will go bk hired a bk firm this am...take a look at:
danskin inc(dans) at .10 imo when they anounce relisting it goes to $2 where you sell. sleeper look=
http://biz.yahoo.com/bw/070312/200703120...
not some phoney co danskin in every walmart & target store does at least 100 mil per yr in sales & insiders own over 50%
2007-03-22 11:43:12 · answer #6 · answered by vetech_61 2 · 0⤊ 0⤋
What makes you think New Century will still exist five years from now?
2007-03-19 12:13:12 · answer #7 · answered by Anonymous · 0⤊ 1⤋
long term
2007-03-19 06:08:42 · answer #8 · answered by skcs11 7 · 0⤊ 0⤋
yeah good luck holding onto that one.
2007-03-19 06:12:45 · answer #9 · answered by orderless1 1 · 1⤊ 0⤋