Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (6105)	7/20/2001 11:09:52 AM
From: Ilaine	Read Replies (2) of 74559

The concept was very hard for me to grasp, too. But Grace Zaccardi explained it very well - I'll have to see if I can find the explanation. I just got the bright idea of finding all the previous discussions and saving them in one place for future reference. Think of it this way - sometimes people who can't read very well when they get the letter from Publisher's Clearinghouse telling them that they won the sweepstakes!!!!!! with the fine print saying IF they hold the winning number - sometimes those folks think they really won. Well, just because you imagine that you're rich, doesn't make you rich. Or think of it this way - you go on an extended trip down the Amazon River (no cell phones, no satellite phone). While you are gone, your stock goes from $5 to $100 and then back to $5 again. If you weren't there to imagine you were rich, were you actually rich? Sure, you can use your portfolio as collateral, but you can't spend it. If everyone holding XYZ tried to cash in at once, they couldn't sell for $200. That's just the price of the last sale. We've all seen what happens to prices when everyone tries to get out at once.

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