Aloha Kahuna,I have a situation that I just found out about.We own 800 shares of CHTP HAVE HAD IT OVER A YEAR oops sorry about the caps...and it has declined rapidly lately. Lots of volume.I went to news on our brokerage account & there are two law firms trying to have shareholders possibly file a class action suit.I read the news on a link to Business News.I left a message with the latest firm after calling my brokerage acct.Investor helpline.Any advice would be greatly appreciated. Aloha Nui,Pattipf3
That's what your beloved Yahoo finance is for to look up info by ticker symbol.
Aloha,Chelsea Therapeutics, it tanked again today.The law firm that I called did not return my call.Aloha Pattipf3
Aloha, Patti. (My wife and I recently semi-retired, spending about 6 months/year in Waikiki.) You're asking or free advice, and that may be exactly what mine is worth. That said, a quick look at CHTP indicates that it was always a highly speculative biotech company. Unless one is exceptionally expert in the research the company is doing, such stocks are basically lottery tickets: you might win a bundle, but most likely you'll lose.So my advice would be to treat your CHTP shares that way. You can hold them if you like, and you might win the lottery someday. Or you can sell them at whatever the market price happens to be right now.As for class-action lawsuits on such stocks, they are even more speculative. Certain firms routinely try to attract angry investors so that they might file such suits. Even if they happen to win, the lawyers capture nearly all the winnings. Years from now, you might "win" a few cents on the dollar.
Whatever. Are you disputing my main claim, which is that, at best, Patti would probably recoup a few cents on the dollar?I'm speaking from experience. I've gotten a few of those checks.
And your answer to my question is...?
Aloha,Mahalo for taking interest in my post re CHTP...it is a learning lesson for me...I should not have bought it.Could of put it on my watch list...looks like I will use it as a tax loss for this year...Live & Learn...Best Wishes Pattipf3
Aloha, being semi-retired myself I am 2nd generation from Hawaii.We took our first trip to the mainland in 1999 to Washington DC.For us it was like stepping into another world.My husband had a business trip.We took our oldest granddaughter,she was ten.Very visitor friendly place so much to see.That was a wonderful trip.You are lucky to be able to spend 6 months out of the year here.We have traveled to different states since 1999 for my husbands job.So amazed at the low prices for groceries and other things.Best Wishes,Pattipf3
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