Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: David A. Lethe who wrote (94)	9/26/1997 2:14:00 AM
From: revbill	of 1094

Hi David in your reply you used said i was very wrong about this statement. >You haven't lost money if you haven't sold?!!! to clarify i was quoting bean counter who has said that as long as you don't panic and sell at the wrong time, you don't lock in your loss. if corel magically turns things around in 1998 or 1999 corel could return to $10 CDN or higher and those of us who were either patient, stupid or stubborn will be glad we held on. next you wrote: Secondly, stock should be treated as any other investment. Say you bought a house for $100K, and farmer Bob put up a pig farm nearby, and the house depreciated overnight to $50,000, would you still be saying you haven't lost any money? Then you hear that a fat rendering company announced they are setting up a factory as well. Would you still keep the house??? good point and probably a good analogy to corel's current situation. but lets say you sold your house to bean counter for $25k. two years later you run into bean and he tells you that a major meat packer bought his property to put up a plant. he sold out for $150k. sure you had your capital loss but the bean counter has a $125k gain. sometimes you've got to hold your nose and wait it out.

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