you could try writing to buyandhold and telling them to dispose of the
shares. if you legally abandon the property, you may claim a loss. But
buyandhold would have to remove the shares from your account for no
consideration. I don't know if they would do that.

-----Original Message-----
From: IraS1@aol.com [mailto:IraS1@aol.com]
Sent: Wednesday, August 28, 2002 11:15 AM
To: club_cafe@BIVIO.COM
Subject: Re: club_cafe: Re: worthless stock


>>I've had a sell order at BUYandHOLD for over 5 weeks (over
75 trading windows) and no one is buying! In my mind, that
is worthless.

That's one of the problems of dealing with a deep discount broker. A full
service broker would buy them from you for $1. Regardless of what you think,

the IRS does not think that Exodus is worthless. You can't claim the loss
while you still hold the shares.

Ira Smilovitz
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