Unfortunately, we have already been fleeced of our money.
But, as I said, if we can get anything other than ZERO, it is a WIN.
That being said, I am trying to sell my shares in my cash account without driving the pps below .01. Want to get the tax write off now. I sold the 10K today at .1001. 2/3 of my shares are in my IRA, so no help there. Hold them.
With 60 days or longer to wait (according to pilgrim58) for anymore info from BK court and with a 60/40 ratio, our pps value will only go down.
So, get the tax loss write off now, wait for the 30 days wash sale rule, then either buy back or better yet, wait until more news to come out to decide if they are worth buying back!
