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To: Challo Jeregy who wrote (22503)3/18/1998 11:57:00 PM
From: billwot  Read Replies (1) | Respond to of 97611
 
Challo-Re:" One only loses when they sell."

If I bought 1000 shares at 35, and they now have a market value of 23 I lost $12000, whether I sold or not. Holding on to a loss to avoid recognizing it does not change the fact that it is a loss!!

billwot



To: Challo Jeregy who wrote (22503)3/19/1998 3:54:00 AM
From: Mike Gordon  Respond to of 97611
 
<Can't say this enough! One only loses when they sell.>

After just updating my books, no one knows this better than I do! Will offset some losses with recognition of CCs and puts Friday.

Have a good day trading today,

Mike


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