How to look at losses:T4EI am going to give you some unsolicited advice. Although I have helped a lot of people with their investing, that doesn't mean I am always right, so I am only offering this to you as something you might want to consider.
Mark-To-Market.
What you paid is a sunk cost.
You know you bought something that looked good at the time but turned out not to be as good as you thought.
Each day, you can sell it.
You already spent the money.
You already have reduced you net worth by the amount of the loss. Your estate is worth less because of it. Not taking the loss for tax purposes does not change that. You own it. It is worth less. Your brokerage account is worth less.
You can decide to sell it now.
Or you can decide that the opportunity at the current price, considering the total risk and reward, at THE CURRENT PRICE, either justifies BUYING it now or not.
You don't need to buy it (although a positive decision might mean it would be smart to buy more) because you can just hold onto what you have.
If you would not buy it, why not sell it and get back the money minus the $9.99 commission?
If you hold a longterm position that continues to decline and don't think the company is going to go up in price enough to make you a decent return FROM NOW ON, then it is probably foolish to own a stock you do not believe in.
The US S&P was essentially flat for the last 10 years. That stinks and it proves why investing in indexes is a bad idea, but it is better then losing money for 10 years. If you value your own opinion, you should decide whether you think Candorado is cheap here because it can make you an extraordinary return, or not.
If you think it can, and you focus on that judgment, you won't be so negative on the company and will do what needs to be done to effect some change, whatever that is.
If you think it can't, because of the reverse split, management, low share price, whatever...then sell it and move on to some company with an investment premise, that you can believe in.
Just a suggestion in case it helps....
Good luck.