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Buying stocks that were delisted
- Thread starter gaihosa
- Start date
Probably fine in the short term, but you should ensure that your trading systems don't go long on crap stocks. The previous Energy XXI shares became worthless, but there were in a massive downtrend from late 2013 onwards.
Some lessons can be learned from the airline industry. My delisted stocks database contains the corpses of dozens of airlines, some that have failed multiple times (eg. US Airways) leaving shareholders with nothing each time.
Some lessons can be learned from the airline industry. My delisted stocks database contains the corpses of dozens of airlines, some that have failed multiple times (eg. US Airways) leaving shareholders with nothing each time.
Is that even a serious question? Of course it's "riskier than normal"! It got delisted, you're trading OTC, and that's just the trading risk. The stock itself has a snowballs chance in hell of ever getting relisted, but a pretty high chance it will be the victim of a pump and dump. There's an old saying in poker, if you don't know who the sucker is at the table, you're the sucker. It applies here.I have a screener that reported a stock that was formally delisted by the NASDAQ. It's EXXI but was formerly FSI.D when it got delisted because it was deficient. I was wondering if anyone has any experience if it's riskier than normal to trade this stock?
oh do tell...tell the scenario how a basket of delisted stocks give a terrific return ??? "patience" for what ?with patience, perhaps a basket of them might give a terrific return/
one way is waiting for a reorganization and issuance of stub stock.oh do tell...tell the scenario how a basket of delisted stocks give a terrific return ??? "patience" for what ?
Except for the fact that common stock holders are the low man on the totem pole after debt, AR, etc. it is not going to happen on a profitable basis for the share holder. Co delisted for a reason. Better fish in the sea.one way is waiting for a reorganization and issuance of stub stock.