To: fabriclady
I'm not sure that they had a choice - weren't they precluded from selling their Enron shares, which the company used as the match?
I wonder why any investor would put all their eggs in one basket.
6 posted on
10/23/2006 2:29:28 PM PDT by
Ready4Freddy
("Everyone knows there's a difference between Muslims and terrorists. No one knows what it is, tho...)
To: Ready4Freddy
There was a narrow ten day or two week window in which they could not sell. The 401(k) custodian was being changed. If I remember correctly, by that time the stock had lost over 75% of its peak value. A lot of people had never had such wealth (at the high), got greedy, and held on way too long as the stock took over a year to slide to worthless.
7 posted on
10/23/2006 2:43:15 PM PDT by
Jacquerie
(Democrats soil institutions.)
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