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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (11967)	10/6/2003 12:25:59 PM
From: Ira Player	Respond to of 95587

Gottfried, The more general case is against making a change at all. People tend to feel worse about making a decision that is wrong than they feel good about making a decision that is right. So they avoid making decisions or changes. If you are long and the market tanks or you are short and the market takes off, it's the market that got you. But if you are long and sell and the market takes off or you are short and cover and the market tanks, you kick yourself because you failed. Flip side: If you are long and the market takes off or you are short and the market tanks, you win. But if you are long and sell and the market takes off or you are short and cover the market tanks, you kick yourself for failing. The "failure" cases cause more psychological harm than the benefits that come from the wins. So people hold on until "It's obvious" what they must do...in other words, capitulation... Ira