USSPQ USS Shipping Partners

[jaydeev36]

I bought this stock when I first starting getting into stocks right before everything went down the drain And I've held on to it from when it was over $2 a share to now when its Bankrupt and only .04. Can anyone one tell me if there is ANY chance at all that it will go back up or is it forever going to be worthless?

I talked my wife into getting into stocks with $7500 and lost $5000 on this stock alone so if it every will go back up it would really save my but

Thanks

[Stocktrading101]

haha, well if I know anything about relationships then I would definitely fear your wife more than working to make the lost $5000 back!

To be honest I do not know anything about this company and can't be of much help. Assuming it is at $.04 now there is probably little hope, and considering you have lost so much it may be worth your while to simply hold the stock and see if can make a comeback over the next few years.

Regardless a lesson should be learned from this, use stop losses!

http://www.stocktradingtogo.com/2009...s-for-success/

Also pick up a copy of How to Make Money in Stocks by Will Oneil, it is a must read for new investors,

http://www.stocktradingtogo.com/2008...vesting-books/

[jfer]

]jay,the oil mkt is hot and it's gona get hotter, If you go long with USSPQ you'll get your money back and then some.