Hi all, I currently own 7000 shares of Denbury Resources DNR and I just saw that they filed for bankruptcy chapter 11. I am not sure what this means. I have spent $1.00 per share to buy all the 7,000 shares so in total I have put $7,000 from my pocket. Currently the stock is at $0.03. If I cash everything out now I would only make about $300 RIP but obviously that is nothing compared to the $7000 I had put in so if there is a chance the stock can go back up and limit my loss I would definitely take that. What should I do to limit my loss? Should I just hold on to it and forget about for a year or so? I don't know what to do. Someone, please help. Any guidance/advice is appreciated, Thank you.
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