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12. The market price of your investment increases 15% two weeks after you buy it. You do not believe that the stock's prospects have changed.
12. The market price of your investment increases 15% two weeks after you buy it. You do not believe that the stock's prospects | |||||||||
have changed. Which one of the following subsequent actions would indicate the lowest amount of risk aversion? | |||||||||
You buy more stock, anticipating that it will go even higher. | |||||||||
You hang on to the stock, anticipating that it will go higher. | |||||||||
You sell all of your stock holdings immediately. | |||||||||
You sell half of your stock holdings and invest the proceeds elsewhere. | |||||||||
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