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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (16914)	3/17/2002 8:52:25 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

elmatador - ...But they stick with their shares even though its is going lower and lower. They prefer the losses at the psychological hit that they have lost. If anyone knows a stock is going lower and lower, then investment success will never be a problem. Not selling a fallen stock is entirely rational IF its future price appreciation prospects are as good or better than whatever the alternative is, even if it is a mediocre business. The previous fall of the stock price is a sunk cost and fairly useless by itself as a guide to the future. Regards, Don