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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: farkarooski who wrote (46975)4/4/2002 2:09:09 PM
From: the_wheel  Read Replies (1) | Respond to of 99280
 
dude, you should consider yourself lucky! I got a friend I talked to a couple weeks ago and he just had a bypass operation, I told him I was trading stocks and he said he stopped doing that last year. I asked whats up and he said he was holding CSCO and LU and he said he bought in the 60's and 80's. I said I didnot think lucylu was up that high, (I checked he bought at the top). Anyway I said you should sell cause 4bucks is four bucks, thats real money (or fiat anyway). He said he could not sell down too much. How would you like to feel like him. Not even worth selling at all! Only stock I ever lost more than 50% on was the original turnips stock, and I am never going to lose on it because I married it a long time ago.



To: farkarooski who wrote (46975)4/4/2002 6:03:02 PM
From: mishedlo  Read Replies (2) | Respond to of 99280
 
dude, I cannot sell it because I am down 50% right now, pisses me off ...

WTF does 50% have to do with anything?
The only relevant question is:
1) Is it going lower
2) Is there a better place for my money

If the answer to either of the above is
1) Yes
2) I do not know

The the correct answer is SELL
If the POS you are in rises, then so what
There are other POS's that will rise later to get it back.

M