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Politics : Ask Michael Burke
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To: Lucretius who wrote (42219)1/5/1999 12:25:00 AM
From: HG  Read Replies (1) of 132070
 
yep, I know what you mean. I may not even tolerate a 40% drop - it really depends on the the trend and how I feel at the time. I once bought calls at 69, sold 33% of the holding at 100, and then it tanked to 70. Something did not feel right, so I sold at 65. Bought it back at 70 and still hold that.

But that was a tough call. I have emotional dissonance in that I don't always act according to my beliefs as far as stocks go. The rational part takes over.

We agree to disagree about the 90% bit. No point discussing from the two extremes of the continuum. I once converted a very strong bear into a bull by asking him to play with 1 share of YHOO. You might want to try that ? Just to see how it feels.
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