David is a full time engineer, but does often buy and sells stocks and bonds in his investment portfolio. He had a substantial amount of unrealized losses in his overall investment portfolio and he has decided to sell most of these investment securities for a substantial loss.

Select the one statement that is correct:

A. David is a "dealer" in securities since the securities are like inventory for him and is permitted an ordinary loss deduction on sale of the securities.

B. The loss is not deductible as it is personal loss.

C. David is entitled to take an ordinary loss deduction because the securities are inventory.

D. David is not a dealer, but just an investor. The losses are capital losses.

E. None apply