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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.8%

Nov 7 9:54 AM EST

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To: SIer formerly known as Joe B. who wrote (3156)	7/11/1999 10:49:00 AM
From: Eddie Kim	Read Replies (2) of 3645

Read my post more carefully: He is a professional trader (unlike most "traders" around here). More specifically he is a MM for the company that trades the most volume (hint) on the NASDAQ. However, he personally (his own accounts, money, etc) considers the buy and hold method to be the best. Now he is a guy who gets to be in the trenches and he sees what's really going on. He has told me some GREAT stories. I also have seen his library and know he has read countless numbers of "investment books". It makes you stop and wonder why his experience leads him to believe that the "buy and hold" method is the better method. I doubt an average trader could have done better than a person who just held DELL, MSFT, etc for the past ten years. Neverminding that profits from day trading quickly dwindle after the IRS gets to them.

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