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Technology Stocks : Covad Communications - COVD -- Ignore unavailable to you. Want to Upgrade?

To: Mark S. who wrote (2754)	12/7/2000 1:02:26 PM
From: BWAC	Read Replies (1) \| Respond to of 10485

No joke. <if a stock is going to zero you would want to sell before that happens> So now explain to me the RELEVANT difference between 3/8 and zero? Or 7/8 and zero? Or even 1 11/16 and zero? If you paid $30 or $20 or $15 or whatever higher price, and hold less than 5000 shares in a diversified portfolio, What is the point in selling? You've already assumed the big loss, what is another $1000 here or there? Is that last $1000 saved going to make a difference? No, if it goes to zero. No material substantial difference at all. BUT, if it returns to $10 per share in 2003. Yes. 10x return on your 'remaining' money in 2 years. Selling at this point in time is a sucker play. About the same as buying at $60 was. Unless it is tax related selling and you plan to repurchase after 30 days.