Stock losses

[hb1255]

What is the name of your state? ( New York)

I bought Nortel Networks a while back at $6.88 a share. Shortly after I bought it, news came out about them lying in regards to their earnings. In no time at all the stock fell over 50%. Do I have any options, I am out about $700? Thank you.

HB

 

[anteater]

1) Hang on and hope.

2) Buy some more and hope.

3) Sell, cut your losses, and use the loss as a tax deduction.

4) Do a Google search on "Nortel class action lawsuits" and see if there is one that you qualify for.