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Alias Born | 06/03/2008 |
Monday, September 19, 2011 6:48:24 PM
The idea that someone buying MRNJ in February at over 3 cents, holding now to a half cent "hasn't lost anything" is completely ludicrous!
If you had $50,000 in MRNJ bought in February, and your brokerage account required you to have a 25k asset balance to maintain your account, you wouldn't qualify any longer, due to the value of your MNRJ stock plummeting. One could try arguing with their broker that they "haven't lost anything" but I can assure you, you won't win that one.
Add to that there are plenty of crap pink stocks that end up being canceled with no value, or stocks where the SEC halts trading for good, and those investors NEVER sell the stock! So according to your statement, they have no loss! (Obviously not true.) So selling or not selling a stock has nothing to do with the value of your portfolio or holding in that stock.
Selling a stock ONLY sets the capital gains or losses for tax purposes.
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