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same thing happened: the bailout started

looking uncertain.

Alan “reasoned” (this word is in quotation

marks because, according to

Dorn, conscious reasoning had little to

do with Alan’s behavior) that the price

couldn’t go much lower. He held on, savoring

the idea of how much fun he

and his wife would have spending all

the money he stood to make. Again the

stock went lower. When finally it hit

seven dollars per share, Alan sold. And

bought yet again, in a flush of exhilaration,

when he heard that the bailout

might happen after all …

By the time GM’s stock price fell to

two dollars a share, Alan had lost seven

hundred thousand dollars, or 70 percent

of his family nest egg.

He was devastated. He asked Dorn if

she could help recoup his losses. She

could not. “It’s gone,” she told him.

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