This will give you a head ache, or I need another beer. Probably both..

AP via Yahoo ^ | July 1, 2002

[tall_tex]

A couple of years ago my beloved wife came home and proudly announced that whe just bought a bunch of World Com stock based on a "tip" that she got from a friend at a luncheon. I reminded her that a tip "is an amount of money based on the amount of the bill at a resteraunt, while keeping in mind the level of service received". She did not speak to me for two days. She loved her World Com stock. She coveted it and watched the monthly statements from our Broker and encouraging me to keep the faith her friend could not be wrong. Finally today World Com got its fair share of notoriety. It traded more shares today than any other stock in history, it also dropped from 90 cents or so to .07.

[tall_tex]

My question to my fellow Freepers is.. Do I buy or sell?

[ATOMIC_PUNK]

DUMP IT

[SBeck]

Keep it for the class action to follow.

[AM2000]

If you've held on to it all the way to 0.07, why bother selling now?

[Jim Robinson]

Hold. You can always get the stock certificates and use to paper your bathroom. Will be a great conversation piece.

[Illbay]

Hang on to it. You ought to be able to sell the certificates on eBay in about twenty years, just in time for your retirement!

[Thane_Banquo]

You could buy another 100 shares for 7 bucks. Do some dollar-cost averaging. You have already lost way more, but there is virtually no chance WCOM would come back. Depending on how much in dollar terms is still in WCOM, you lose nothing more by staying in, unless you have 15,000 shares or something.

[MinuteGal]

Sell. She may bring a pretty good price in today's market.

Leni

[Joe Hadenuf]

Sell and invest in realestate.

[Gumption]

That might almost make it worth the paper it's printed on.

[Thane_Banquo]

It doesn't matter if he sells now or keeps it. Class-action lawsuits in these cases are based on records of owning during any certain time period. You can take place in a class-action lawsuit even after having sold out of a firms stock if you owned it during the specified time, which he most certainly will have when the suit is filed.

[KantianBurke]

the wife or the stock? ;>

[RightWhale]

Do I buy or sell?

Have the shares delivered to you. Put the certificate in your scrapbook. The greatgrandkids will get a chuckle over it.

[HiJinx]

I think yours may the best advice yet!

How many shares of K-Mart can he get for her, I wonder?

[da_toolman]

hold on to it, class action lawsuit is quite possible.

[tall_tex]

I keep thinking that I will tell my X broker that I want the Stock Certificates, at least I will have those beautifuly printed pieces of paper with the little gold seal to put in one of those pretty vanity frames on the wall in my study. Of course it will force the broker and World Com to go to a little bit of trouble an expense to honor my request.

[fogarty]

WorldCom has so many creditors that shareholders (who are last in line for any bankruptcy or liquidation) might get back a tenth of what they put in. Maybe.

So sure, go ahead and sell. Your shares may be worth 7 bucks now. If you hold on, in a few months you may get 1 buck back after the company is broken up and sold off.

[Quilla]

Whatever you do, you may want to do it quickly. I heard that the SEC will delist WorldCom either tomorrow or Monday. For whatever it's worth, Neal Boortz said he had a few friends who had actually retired based on their WorldCom holdings. He (and I as well) hoped they sold out their positions before this recent collapse.

Don't be too hard on your wife, I've ignored tips that I'm still kicking myself over the fortunes I could have made had I just listened.

[tall_tex]

You guys are just to quick. My thought in posting this was the stock but now you have me thinking.... HUMMMMmmmmm...

[RedBloodedAmerican]

Sell her. Buy a boat.