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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (35736)2/28/1998 11:05:00 AM
From: Darth Trader   of 58727
 
Reminiscences of a Stock Operator by Edwin Lefevre, p.64 "...I made up my mind to be wise and play carefully, conservatively. Everybody knew that the way to do was to take profits and buy back your stocks on reactions. And that is precisely what I did, or rather tried to do; for I often took profits and waited for a reaction that never came. And I saw my stock go kiting up ten points or more and I sitting there with my four point profit safe in my conservative pocket. They say you'll never grow poor taking profits. No you don't. But neither do you grow rich taking a four-point profit in a bull market."
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