Are any of you stock holders from CCA? If any of you are you know that it is going to take more than a rally for me to even get close to even.....this is the worst thing in my portfolio BY FAR!!! wish I could believe it was going to do something...but I have been waiting forever
Get ready friend you are about to be called a union shill, anyone who speaks ill of pzn is called a union shill on this board. I will no way get close to breaking even either, but there are some who feel the company will overcome.
This company will go nowhere but down, and will drag all who are in too deep right alone with it.
Yes, I was a CCA investor who has hung on to most of my shares. Matter of fact, I bought some more PZN around 13 and 9 to average down. Also, sold about a third for tax loss purposes. I plan to hang in there for several more months to see which way this one goes.
It's Not going to get any better..take my advice and sell now for a tax loss this year .Listen I played that game far too long...can't tell you the relief of not having it in my portfolio anymore. I was CCA and my losses were big...but it's over now...all the pain and the constant agony...have fun in the market..with a Dow and Nasq. like we have now there's no reason nor excuse to stay in the mess you're in...Bail,invest in something else and enjoy life again.. Angel Kitty 1
Ya are right about tax loss selling, now is the time to do it, if it works for you. You have to be out of a stock 30 days to buy back in so waiting for December kills you if you want to buy the stock back.
As far as getting in the NASQ and makeing money, what do you sudgest? I see nothing but a bunch of stocks that are real pricy. I will probably buy Safeway tomorrow, but other than that, I don't see any that I can fall in love with, other than the ones I own. And BTW, some of those are real dogs! As a dog owner, I like them as stocks also, can pet them, feed them, and just love them to death and they still don't do what ya expect them to do.
REITS will have their day, and that might be next year or the year after. As ya wait, you get a divend. I've bought into three REITS recently, and any one of them going back to where they were would make a good capital gain. I have more shares in each than I want to keep long term, so I will sell some with upswings, that has worked for me with the long term REITS that I own, over 6 years.
Tax loss selling is multiplied buy what my broker told me today. His borkerage house, and he said a few others, set up trusts three years ago and invested in REITS. The trusts are now being cashed out and that is adding to the selling pressure.
I might be wrong on this REIT, bought because of a Scott Burns article, and it didn't pump it much Monday. I might be wrong on some others, but it is the only sector I can see now that is real beat up. My profit on LU over the last two weeks will pay for any loss I have here in any case.
Going to get any better, Everone was warnes a long time ago, about what was going to happen to pzn, where they were headed, and How it was going to happen. Pzn is 1 billion in debt, their stock has not yet hit bottom, and the company is cutting to the bone in order to try to save money.
It will merge with a more stable company, Or Doc will buy it out. The only options left.