Replies to post #1992 on Simple's Green Room

[bigpimpin]

Yep I have been here a while and debated selling in the .004s but your reasoning is why I didn't. If I was going to get out the .009s (or higher) is where I should have done it. I keep thinking the downside risk is not huge from here and the upside is good enough to hold. All my opinion as I could still lose a lot more.

[Sentinel]

simple....Re: waiting that long:

Many tried to "keep the faith", probably far too long, but they gave JF the benefit of the doubt, as well as implementing the "it can't keep going down, can it?" mentality. By the time they realized it could indeed keep going down, they jumped, probably too late. They also may have been thinking it was going nowhere fast, and that the money was dead, and could be better used elsewhere. These people probably had a too large percentage of their usable cash in too few equities. Taxes don't play into it too much IMHO, as people get fixated on their current portfolio balances rather than future financial strategies. Just a few thoughts on it.