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On Thu, 12 Mar 2020 12:46:28 -0400 (EDT), Justan Ohlphart wrote:
Adorable Deplorable Wrote in message: On Thu, 12 Mar 2020 08:32:39 -0700 (PDT), Its Me wrote:On Thursday, March 12, 2020 at 11:18:01 AM UTC-4, John H wrote: ...that is the question! -- Freedom Isn't Free!Don't sell. Not unless you want to turn your short term losses into long term losses.The idea would be to get back in when, and if, things start improving. I'm not 'investor certified'though!--Freedom Isn't Free! A 50% loss would result in the need to make a 100% gain to break even, if you bought back the same stock at what you sold it for. If the stock declined another 50% you could buy twice the amount you sold but you'd still need a 100% gain to break even. If the stock rose 50% after you sold it would cost you 25% more to buy it back. If the stock regained its original value it would cost you twice as much as you sold it for, to buy it back. Numbers dont lie. I suppose that means to hang on to it? -- Freedom Isn't Free! |
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