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This "endowment effect" means that people hold on to shares well past the point where it makes sense to sell them.
It also allows crucial insiders to sell a large block of shares well ahead of Facebook's highly anticipated offering, which is widely expected to occur in May.
He acknowledged that many investors had been selling Kmart shares well into January, in anticipation that the company was in trouble.
Defend constituency seats and win back some marginals from SNP. Wales Vote shares well above 2011, clear majority in assembly, best ever performance in Wales.
Nasdaq received acceptances worth just 0.41percentt of the London exchange's ordinary shares, well short of the 50percentt it needed to begin taking control.
Volume on the New York Stock Exchange was 768.45 million shares, well below the year's average of about a billion shares a day.
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Woodside Petroleum shares welled up by nearly 11.0%, to 42.52 Australian dollars ($29.15).
You never did share well.
That comes to 14 cents a share, well above the 11 cents analysts had expected.
That works out to $1.06 a share, well above the $1 Wall Street expected.
That was 25 cents a share, well under the 33 cents analysts had forecast.
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