Another oil company throws in the towel. What should I do with stocks?

[Efren]

Linn energy announced that it is throwing in the towel today. Stocks dropped from $1.20 to 50¢. I had a few hundred dollars in their stocks. Should I hold on to them and see where it goes, or sell and cut my losses? Just curious to see what the green screen investors think.

[BuckRage]

I'd probably wait. If someone decent buys them up you'll regain that loss. If not your not out much if its only a few hundred $ to start with.

[Chad C]

T Boone sold all of his holdings.

[hooligan]

Can it really get worse? I'd just hold it till next year and see. Worst case is you're out a couple hundred

[freerange]

hold worth the risk

[bphillips]

Shoot I lost about 15k on them haha

[texansfan]

Shoot I lost about 15k on them haha

Yeah, I lost about half that. I got in at $7.00

[texansfan]

Linn energy announced that it is throwing in the towel today. Stocks dropped from $1.20 to 50¢. I had a few hundred dollars in their stocks. Should I hold on to them and see where it goes, or sell and cut my losses? Just curious to see what the green screen investors think.

Might as well hold out for the warrants.

[Pushbutton2]

At .50¢/share I might buy....

[chtx]

i lost a bunch of money on them too...sold everything

[webstertroy]

How does the whole stock thing work? I got $50 Id spend on some .50 oil stock..

[Je3749]

Think I will look into getting some shares

[webstertroy]

Think I will look into getting some shares

how do you get some?

[dbaio1]

Glad I passed on them, exploration efforts were good but financed to the hilt early on.

[RR 314]

Shoot I lost about 15k on them haha

I wish I was only down 15k in LINE! Ooooof.