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/biz/ - Business & Finance

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21926804 No.21926804 [Reply] [Original]

So long story short, I bought some stocks and the company filed for bankruptcy, they will soon exit bankruptcy and I'm sitting at -60%. What are your tips /biz/? What happens to my stocks after they exit bankruptcy? What is the least painful way to end it?

>> No.21926833

>>21926804
>Did I lose 4k like a retard?
yes

>> No.21926860

>>>/smg/ Boomer

>> No.21926867

>>21926804
all assets are sold/liquidated
debtors get paid first
lawyers and all that gets paid second
investors get paid last (no right to receive money, highest risk)

>> No.21926885

Depends on the type of bankruptcy and company. If they get bailed out or bought out you may recover your funds.

>> No.21926887

>>21926804
They probably dilute the stocks, so your stocks are now a much much smaller percentage.

Fukken lmao

>> No.21927128

>>21926867
>>21926885
So there is a small chance I will get my money back? Should I hold?
>>21926887
But if I sell now I take the loss so is basically the same shit, isn't holding and hope for the best the best choice here? Its oil after all

>> No.21927269

>>21927128
>But if I sell now I take the loss so is basically the same shit, isn't holding and hope for the best the best choice here? Its oil after all
t. retard bag holder

thats like saying if you should sell your car now or later because it might become a vintage car thats pricey in the future. fuck that cut your losses retard.

>> No.21927311

>>21926804
Damn anon, did you get PG&E'd?

>> No.21927557

Wait for retards on Robinhood to buy the stock thinking it is a dip, which will pump the price and then you cash out

>> No.21927732

>>21927269
Looks like I'm not the only one that lost money, don't let it get to you buddy
>>21927557
Ok, I will hold and see what happens

>> No.21927936

>>21926804
Why all the drama over 4k$?
I hold 50k link and 313k xsn, link is shitting the bed and xsn has done -50% over a week, you know how I'm feeling right now? I don't give a fuck I'm playing wow.
Don't be a weak faggot or you won't make it, just cash out to reduce stress, weeks or months of stress is worth more than 4k$, so just sell and learn, next time you might make 4k$ or 40k$ ...

>> No.21928769

>>21927936
do you know haleybop?