The NY Times has an excellent article on the Silicon Valley millionaires who are feeling quite poor as a result of their pre-bubble positions having been diminished.

EDIG's rise and fall in pps was not merely a result of some chat room comments that were very excited at seeing their fortunes and PPS rise.

While some rationalize their debacle by making it appear as such, they actually ignore a much greater phenomenon that occured in real time. I'm not going to rehash it. The world witnessed the tech crash across the board and the birth of a revolutionary product. The rest is history, save for EDIG's IP efforts which may just roll back the clock.

EDIG was there with much potential as stated by Intel execs who joined their board of directors and new fangled gadgets(the PUCK and beyond) based in proprietary technology....and then along came the ipod and every else went by the way side, not just EDIG. We took the risk of investing in the potential of the technology...not a bad vision, and one which remains very much alive.

Today those markets in which EDIG lost out are maturing and continue to grow. EDIG is still very much in the game ala Duane Morris LLP....and I AM STILL HERE, positioned to have my current position, which is 4 times greater than back in '99, appreciate.

As Ronan commented earlier,(paraphrased) it is best to be playing with house money.

It is possible to sell, take a profit and continued to want to see price appreciation.

Great article and perspective: http://www.nytimes.com/2007/08/05/te...