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I have some shares of stock that are Chapter 11 and trading has been "halted". My on-line broker tells me that I cannot unload these (for tax right-off purposes) to anyone for any price until trading resumes. Am I stuck waiting for trading to resume (though I suspect the shares are to be "canceled" by the company and will therefore never resume)? I'm waiting for Roy's book in the mail. Any advice is appreciated in the mean time.

Have you asked the broker if he/she would buy them from you for $1, or some nominal amount? If so, you would be able to take the loss. Otherwise, you'll have to wait 'til you are absolutely sure the stock is worthless. That could happen on a very cold day when its hot in the cellar!!=:)

"Jack"

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