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Re: IRISHBULL post# 1568

Thursday, 12/11/2008 1:16:01 PM

Thursday, December 11, 2008 1:16:01 PM

Post# of 6409
Ok, I have a question. I am in the process of selling some bagholder junk so I can get some end of year losses to help offset my gains. I have some really old penny stocks that have no bid but an ask of .0001. Etrade tells me that if I can't unload them at the ask or with a market order, I can't liquidate them using the "worthless security" route since they are still trading. So my sell orders just sit there because no mm wants them regardless of the price and I can't write them off as worthless because they still have an ask. Is there anyway around this?

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