Yesterday I sold 1000 shares of NFLD at a net loss of $4054.00 in my taxable account.

This was a highly speculative stock that I had owned for several years.  I sold Covered Calls on NFLD until they were no longer offered.  My last options expired in Jan09.  The company was on a quest to develop an artificial blood plasma substitute to be used when human blood plasma was not available.  The possible uses were when there are mass casualties and for use on the battle field, among others.  NFLD seemed always on the verge of a major breakthrough and had performed field trials a couple of times.  The results of the field trials just did not prove as effective as hoped.  In any case, I noticed Monday night that last June NFLD had filed for voluntary Chapter 11 bankruptcy protection while they liquidated the company.  I should have seen that article some time ago but had mentally put NFLD on the back shelf.  I thought that NFLD would eventually solve the problems with making an effective artificial blood plasma which would make my investment golden.  It didn’t happen that way.