02-19-2009, 09:59 PM
Griz,
If it's money you think you've already lost, you could contact your broker and see if Call Options (Covered Call or Renting your stock) are an option for you, maybe get your cost per dollar down a bit to something reasonable, if not put you back into the positive..
However, you have to be happy with the possibility of selling the stock for the price you're obligated to fulfill: .60 or whatever the option is set at.
Someone correct me if i'm getting the terminology wrong.
If it's money you think you've already lost, you could contact your broker and see if Call Options (Covered Call or Renting your stock) are an option for you, maybe get your cost per dollar down a bit to something reasonable, if not put you back into the positive..
However, you have to be happy with the possibility of selling the stock for the price you're obligated to fulfill: .60 or whatever the option is set at.
Someone correct me if i'm getting the terminology wrong.