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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (57975)8/27/1999 7:30:00 AM
From: lee kramer  Read Replies (2) of 120523
 
Should I hold my stocks overnight? This question has dogged me longer than the Red Sox have failed to capture the World Series. So I asked Suzy. She just shrugged. Then I asked Capt. Tomato. She cocked her head then shrugged. No help there. So I scurried to see Doc Kronkite who knows everything and wrote the classic "The Truss: Friend or Foe" who is my shrink and a major-league malopropist. "Doc" I said "I'm beside myself with apoplexy, can't sleep nights. Gotta know if I
should hold my stocks overnight. You gotta help me doc." "You didn't read chapter seven in my book boobeleh? Chapter seven you didn't read? The crickets (critics) weren't so kind but what do they know. Assume the position." As I made myself comfortable on his lumpy couch he said "Vince Lombardi said that when you pass the football three things can happen...and two of them are bad. Run, don't pass. Now go home." "Go home?" I cried, I just got here. You didn't answer my question." He sighed, stroked his Freud-like beard, said "Look, when did Attila-the-Hun cross the Alps? "At night?" I said. "Right. And when did the Japanese send out the planes to attack Pearl Harbor?" "At night?" "Right. And when did Mookie Wilson hit that grounder that scuttled through Bill Buckner's legs that cost the Red Sox the World Series in '86?" "At night?" "You got it boobeleh. Nothing good happens at night. You hold a stock and some analyst will downgrade it after the bell. Or the company president will be indicted for absconding with the profits. Nothing good happens at night. Sell at the bell, buy back the next morning. All it will cost is a commission or two and maybe a coupla points if it gaps up. Have some peanut-brittle, it'll calm your verves (nerves), you'll sleep." "Thanks doc" I said, rising with severe lower back pain, "you've been a big help." "Help, schmelp. Pay the girl on the way out." (Lee)
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