CC (Circuit City) - Bankrupt [Archive]

zackstark

12-07-2008, 02:10 PM

Yeah, so I bought some CC several months back (before their income statement came in) and the other day I large stack of papers basically saying they are filing for bankruptcy. Is there anything I should do with my stock... or should I just not worry about it and just accept it as a loss.

zackstark

12-18-2008, 05:12 PM

bump..

aiki14

12-18-2008, 05:33 PM

bump..

If you have enough to pay the commission why not make the trade? Unless you think there's a reason to own it at $.18. Any chance they have an earnings surprise tomorrow?

zackstark

12-20-2008, 12:28 AM

What if it goes up again? It went up today.

aiki14

12-20-2008, 02:17 AM

What if it goes up again? It went up today.

Damn, I hadn't thought of that, perhaps I was distracted by the chart showing down days since june of 2006. Or maybe it was the bankruptcy after which the stock will be worthless.

zackstark

12-20-2008, 02:39 AM

Well.. they are not closing all of their stores. Wouldn't i be better off just seeing what will happen? I invested about 180 dollars.. it is down to about 18 dollars. Selling the back would cost me a fee of like 6 bucks i think so i'm not really missing out on much money (12 bucks). What would happen if they were bought out? I am just relatively new to stocks/trading and I have made a few mistakes along the road.

lilturbododge

12-20-2008, 10:03 AM

Well.. they are not closing all of their stores. Wouldn't i be better off just seeing what will happen? I invested about 180 dollars.. it is down to about 18 dollars. Selling the back would cost me a fee of like 6 bucks i think so i'm not really missing out on much money (12 bucks). What would happen if they were bought out? I am just relatively new to stocks/trading and I have made a few mistakes along the road.
The stock you have now would be best to just hold on for a long time until CC gets back up. I know they are trying hard, but I say next winter - spring we should start to see it all turn around...

XOM

12-20-2008, 11:00 AM

Guys, they are in bankruptcy: game over, stock is done.

lilturbododge

12-20-2008, 11:24 AM

Guys, they are in bankruptcy: game over, stock is done.
What happens to the open shares? Do they just continue to spiral down, or just bought about by another company?

XOM

12-20-2008, 11:59 AM

They are worthless, as in zero, zilch, nada, kaput, over , done with, stick a fork in 'em.