It ain't over 'til it's over, someone once said. Go ahead and sell your shares and see what good it does you. If your right and PLNI goes belly up you'll get your capital loss. However, if the company does come out of chapter 11 you'll be out of luck. Either way you get a capital loss for tax purposes. My way is to hold on until at least December because we will certainly know by then if PLNI will recover. If not, I will sell at that time and get the same tax advantage you will get by selling now. On the other hand if the company does recover I'll be in line to get whatever advantage that might hold. I honestly believe, from what I'm reading, that a lot of these "investors" don't know the difference between a Chap. 11(reorganization under BK laws) and Chap. 7 which is a complete liquidation of the company.
