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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (61439)	9/26/2002 8:32:35 AM
From: GVTucker	Respond to of 77400

Yes, your cost basis is one of the two key variables necessary to compute a profit or a loss. But cost basis should not be a factor when deciding where to sell a stock. As I said before, the one caveat to that statement is that when a sale is tax driven, obviously cost basis does come into play somewhat. But the worst mistake that retail investors make time and time again is holding onto a stock "until I get back to break even" or something like "I'm so far underwater there's no reason to sell".