Me. I bought some Enron stock a bit after the crash, thinking it might go up again in the future (wrong.), but now it seems to be completely cancelled, as it is no longer even listed in the pink sheets. However, according to an article I found, it may simply be converted to some other type of equity share. I am curious about this because if indeed it is worthless, I can use it as a short-term loss to offset some short-term gains I have accrued this year. So I tried to ask E-Trade.
1st call: Estimated wait time according to the bot: Infinity. They told me to call back later and hung up on me!
2nd call: Est. wait time: 10 minutes. I waited for 20 and gave up.
3rd call. Est. wait time: 30 minutes. %^#$%^#$(&!!!
I finally tried e-mailing them. A week has passed and… nothing. Not even a “I dunno” or other canned response. If any stock-savvy people out there can help me out that would be great. Either way, I’m transferring my old IRAs to Vanguard to join my 2004/2005 contributions. See ya E-Trade.
By Jonathan Ping | Investing | 12/15/04, 4:03pm