Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.847

-1.2%

Nov 14 9:30 AM EST

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To: Mike M who wrote (5555)	12/18/1999 9:56:00 AM
From: RockyBalboa	Read Replies (1) of 10293

>>>> IF you made your bones buying and holding quality stocks then I don't understand why it is so difficult to stick to a recommended position? <<<< I believe you missed the point here. BW does not need to argue/tout/advertise his position. He only states his opinion publicly and hence can back up his claims months later... >>>> If you then want to encourage a trading position for the fun(volatility) of it, fine. Although, when SAM and the state get 43 cents of every dollar of profit, short term gains lose much of their appeal. <<<< Wrong again. BW looks to me that he hedges when necessary (because a stock got a bit ahead of itself) but sticks with his positions over longer term from what he writes (simply look at all his posts regarding COST since Oct 1998). Hence, he keeps his commission expenses low while enjoying compounded gains. A wise approach, given that daytraders burn a good part of their profits on commish. A last word: GUMM will inevitably trade much lower, and I don't care much about a timeframe (one month to five years from now). This is my last post on this thread. Fare thee well.

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