S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

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To: Matthew Rome who wrote (6897)	1/17/1997 7:11:00 PM
From: stock talk	of 9477

Matthew, I have been investing professionally & personally for 20 years. Yes you can make a few fast bucks trading in and out of stocks for a fast point or two, offset by your losses for net gain. Chicken feed. I haven't manage to retire by age 41 by earning feed. I have made 85% of my money by holding 4 years or more. (home depot I held for 6 1/2 years and made more money than you'll ever see in two lifetimes by trading. That quote I offered in my last post was from Peter Lynch, you may have heard of him. That was his strategy and its mine. We both worked at some of the same of the Boston Investment Firms. <It doesn't "Pay to be Patient" with a stock like S3 in an incredible bull market over the last 18 months. If you had bought SIII and held when Clam-Clam started this thread (Nov 95) you would have a 0% gain. If you bought INTC at that time you would have doubled your money.> First, you assume that your only investment horizon is the last year and you bought it at $17. Never assume. If you had used my investment strategy and bought & held from July 1994 to today, 2 1/2 years later you $10,000 investment would be worth $87,750, not bad. If you had even bought 1996 at the yearly median price of $13.75 you already be up 25% in less than a year. By the way I do own Intel at $51.00 a share, thank God I did not trade when it "jumped" to $55.00. I probably will still own it when you have traded in & out of your next 100 stocks, and it will make me more than all 100 of you quick flip trades combined. Trust me be patient, it not only pays, but pays BIG.

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