I have an online brokeage account. Need to cancel account, several stocks will not sell, what do I do?
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Answer:
Looking at the overall picture, the best thing to do may be to just wait them out. If you donate them you don't get much for them, only a tax write-off I believe. Just hang tight until they do start trading again at high enough volumes, then cash them out. If you give them some time, they may take off. I assume you thought that they would take off at some point (that's why you bought them), given enough time that could still happen.
Donate them to a charity, an educational institution, or an arts/cultural institution.
Place a market order on the stocks. Someone will buy your POS, at a large discount.
So, you thought you'd get rich with penny stocks!!?!!!
Call (or email) your broker to find out why these stocks won't sell (I'm a genius for thinking of that answer!!!).
If they can be sold. they should have been sold in 2006 for a loss. If they are "dead" you may be able to claim them.
you most likely dont have enough money to cover the transaction costs... you can call the trade desk for help and they will sell, confirm and bill you if necessary... Unless you lost thousands of dollars, i would just hold on to them personally..
Don't you just love the OTC stocks (pink sheets)
That is sarcasm.
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