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Old 11-05-2007, 11:26 PM
dukemagic dukemagic is offline
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Default Re: Who\'s right - help me settle a bet with gf, w/ poll w/o mspaint

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But you would have to take a loss on your holdings, you don't get rich by taking losses. Better to wait until it gets to your purchase price before you sell it

Agree or disagree?

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uhh i'm sticking my neck out here since i don't know stocks very well, but isn't this a sunk cost? it shouldn't matter that you've lost money on the stock already - what makes you the most money from here on out is most important. so in this case, you make more money by selling the shares to the gentleman now and then buying back the shares (or even extra shares) at market price than you do by simply holding on to your original shares.
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