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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Bernie Goldberg who wrote (8400)9/2/1999 4:15:00 PM
From: JZGalt  Read Replies (1) of 18931
 
Bernie,

By your definition no stocks go straight up.

I wonder if you would have had the balls to watch $200000 shrink to $120000 over a 3 or 4 month period of time without junping off.

I've done this several times. The most recent was last summer with Citicorp ($47 to $23) 50% haircut in my largest holding. Currently GALT is off almost 30% from recent highs and I haven't sold a share. Doesn't take balls to do that.

It does take balls to add significantly at or near bottoms in these stocks however.

----
Dave
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