SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Harmond who wrote (144684)8/4/2002 7:58:17 PM
From: re3  Read Replies (1) of 164684
 
Many of the "most people aren't selling" people don't look at their statements any more...however, wouldn't you think the following could be a scenario played over and over in offices around america ?

1) a person gets in NEAR the nasdaq top and immediately has a paper gain of several percent, and gloats how well they are doing
2) the nasdaq starts to fall from 5000 and people sort of know they are down but are reassured it is all for the long term and everything "points to high tech"
2b) they note the egghead 2 cubicles over always on the computer muttering about gold stocks, but reassure themselves or their broker reassures them that gold is junk, useless and not the place to be
3) they continue to be down on paper and although they do not check the stock pages or even know how to, they cannot avoid being vaguely aware that the market is not doing well. they deal with this by:
4) file away their statements unopened
5) the continue to sense they are losing more and more $
6) they finally swallow their pride, amble over to the egghead at the computer and mumble, "so, you are in gold ?"
7) they finally open the statements, sell what is left or part thereof and buy a south african gold stock or newmont...
ps. i have a friend who bought wcom near its top, sure, he ain't selling ! you are absolutely right William, he sure isin't selling <ng>

pps. don't forget the old quote "sell ? to whom"
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News