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One could argue that holding the stock and waiting for it to come back up is the irrational response - cutting your loss seems rational to me.
by ojbyrne 14y ago
One could argue that holding the stock and waiting for it to come back up is the irrational response - cutting your loss seems rational to me.
- lmm 14y agoThere's pretty much guaranteed to be a temporary dip, because there will be some people who own facebook stock that just came out of lockup and need to sell at any price (perhaps they've just got divorced or something). Holding on for at least a couple of days until the market settles down is the rational move for everyone except those few who absolutely have to sell now.