Just Answer Just Answer

Ask Your Question. Experts Answer You ASAP

Question

If the Atari stock goes down to zero, do we still have ...


Sent to General Experts June 22, 2006 2:01 p.m.

If the Atari stock goes down to zero, do we still have stock to hold on to if it starts going back up or have we lost it all and have to start again?

Customer (name blocked for privacy)
Status: Closed   Value: $15   
Answer
June 22, 2006 2:13 p.m. (12 minutes and 28 seconds later)
ACCEPTED Check Mark

I can see the problem you're looking at. It's lost 82% of it's value over the last year, and is at $.48 right now. Most Analysts are rating it as a "hold" stock, but large financial institutions are selling it off, pushing down the price.

If the stock goes down to 0 then the company is essentially out of business and you've lost your investment. They have no money, and no way to get money (Who buys a stock when the cost is $0?).

So if the stock got that low, it's over. Everyone sells as it gets close to that and there is no bounce back.....

Regards,

Ryan



__________________
If you found my help useful please don't forget to "Accept " A Bonus and Feedback is greatly appreciated
PictureRyan  -- Professional Researcher -- 100% Positive Feedback on 275 General Accepts
I only answer questions I'm 100% confident in. If you got an answer from me it's because I know it!

Think you can answer this question?
 Login or  Become an Expert









DISCLAIMER: You acknowledge that any information you may obtain from individuals you contact through use of the Just Answer service comes from those individuals, not from Just Answer!, and that Just Answer is not in any way responsible for any of the information these third parties may supply. The site and services are provided "as is" with no warranty and no representations are made regarding the qualification of an Expert. Responses and comments on Just Answer! are for general information and are not intended to substitute for informed professional advice (such as medical, legal, investment or accounting) and do not establish a professional-client relationship. Just Answer! is not intended or designed to address EMERGENCY QUESTIONS which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.
   Just Answer! > General > Business Questions