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

To: Crimson Ghost who wrote (76351)	6/8/2002 2:22:49 PM
From: AD	Respond to of 99280

George, those are probably some legit reasons people aren't selling stocks that are turning into mush. I have another one for ya, even more basic. We've all done it. They're unwilling to book the loss and admit they failed at protecting their capital. And failed at the trade. Most people never heard of the term stop loss. What a shame. My sincere thanks to anthony elgindy for teaching me that one. Not to mention , the joys of short selling;-) AD

To: Crimson Ghost who wrote (76351)	6/8/2002 9:41:34 PM
From: t4texas	Respond to of 99280

i know an old guy who bought intc in the early 1990s. his son and i pleaded with him many times back in 2000 to sell when it was in the 70s and then the 60s. he did sell enough to buy himself a new mercedes, but that wasn't much of his intc. his reasons for not selling were always that it might go higher and that he did not want to pay even the long term capital gains taxes. so for the last six months he has been thinking about selling. a big profit and taxes clouds some people's judgment.