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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (1922)9/20/2002 1:29:51 AM
From: Techplayer  Read Replies (3) of 57110
 
Jorj,

Or you are at peace with your gains....<g>
Despite the growing masses calling for a significant decline from here, there are more people just sitting on their 401ks and long term holds as if it is a guarantee that the money will reappear. For instance, I am the only one out of 15 people in my office that moved 401k investments and contributions out of US equities within the last 18 months. One of my guys has EMC at 28 while a peer has 5 digit shares of LU and has held them for over 3.5 years! (you read that right...)

My guess is that at some point these people will throw in the towel and then perhaps we will all be right.

TP
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