SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.429+3.1%Jan 30 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David R. Doerr who wrote (287)10/16/1997 2:39:00 PM
From: dougjn   of 22640
 
Well, you got me. I pick up a couple hundred shares avg. about 142. Then I rode up...and down. Bought more at about 124. Then bought a lot more at 119. Sold yesterday. Feel the NY market is getting toppy in a trading range. Tech leadership broken near term. Any bad economic news, much less a greenspan 1/4 point and the market is going back down to high/mid 7000s. Esp. w/all the 1987 stuff on CNBC and elsewhere.

Was afraid of the CPI number this morning...which turned out ok. But bond market is edgy.

And TBR is very sensitive to all of this on a near term trading basis. Long term trend is definitely up.

I intend to get back in, but not till it goes down. If it doesn't....well I got lots of other places.

I am basically a long term investor, but this is not a core holding for me. And it has clearly become a trading stock, w/a long term strong uptrend.

As for buy and hold....I can think of a lot of US solid tech stocks w/much faster long term growth rates that are better candidates.

And its not really risk diversification, since it reacts more to the dow more than any other stock I own. It sort of magnifies the dow by two or so. Among other volatilities. Which is fine. But its a trader, to me.

And a prime place from which to raise capital to buy stuff up after the market moves back down. (The stuff could include TBR again, depending.)

Doug
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News