RE: RE: RE: RE: RE: RE: RE: RE: RE: Look out below Don't be silly. You're confusing the triggering of a tax event with reality. Your personal balance sheet measured right now is the measurement that is reality. That reality doesn't have any impact on a decision of whether to hold or to sell (excepting of course the deliberate decision to trigger a tax even such as capital losses). The decision of what to do with the stock is based on forward-looking sentiment. The notion of whether you lost money is a factual situation based on the right now.