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Strategies & Market Trends : games trader group

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To: John Paquet who wrote (282)	11/10/1999 4:26:00 PM
From: goldsnow	Read Replies (1) of 507

let me illustrate.... finance.yahoo.com I had ERICY since 1992. surely there were many opportunities to take profits....The trick is to wait few years, as folks like Mr. Paquet love to make their decision on 52 week averages, say VLV, its low is about 2, so Mr. Paquet does not like to buy it at $3.80 (despite stock being grossly undervalued because of low oil Price)...However when say 3 years from now with range $7-14 (before buyout for $17-20) than $7 will become a bargain....Now lets suppose that Goldsnow is wrong on VLV, which is o'key if he is right on 2 out of 3 big winners....(which means diversification and always Buy Low good stock when others selling and Hold until High, very High...as a rule good stock goes high and higher for a reason (and the reason is not for Mr. Paquet to grab some change) if you sell good stock, the chances that you buy something like SKG (dog) is high and you have to be right most of the time both on Buy and Sell again and again....not possible... so buy good stock at Low and enjoy...than buy more of it

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