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Strategies & Market Trends : Investing during a Bear Market

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To: Richard Estes who wrote (194)11/14/1997 12:42:00 PM
From: Tommaso  Read Replies (1) of 226
 
Oh I see what you were responding to now.

I really think that Addi should sell everything he has, put the money in the bank, pay any taxes, and wait for lower prices.

But since it didn't sound as if he was going to do that, I as suggesting that he not be run out of the market for life by the bear market that (I think) we are going to see.

You are certainly right that one should sell losers and not hold on in some superstitious hope that all will be well. I just meant that if the company looked sound at the time, after a decline, you shouldn't sell it, and even buy more. Now judgiong what's sound or not is another question. John Templeton seems to hit 2 out of three. I seem to hit more like 7 out of 12--or not even that. To judge from what Addi said, he knows the tech business or some aspect thereof but is misjudging the market risk.
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