tar42:Jerry, fred answered it very well.
I don't think Fred was addressing selling at a loss. His advice on taking "profits" has some merit which I would apply in the form of rebalancing when my fund % exceeds its AA target.Your question involved selling equity at a loss and somehow not calling it "selling at a loss". You stated gambling played no role in your question. My point is it has everything to do with gambling if you intend to buy it back, as was the scenario you put forth.
Jerry
