cell high, I trade in my IRA, no tax consequences, as for my trading tactic, buy/hold would not have had such good results, just look at my last sell ($157) and the current price to get the proof. Of course, the game is young, and $500 is a long way out and I may miss that ride. I will not recommend to others to do the same, however. For the next few years, however, I think we are going to have large gyrations in the market, and many companies will not match their current highs for more than a decade (look at the old "Greats" like Xerox, Polaroid, Kodak, and I don't even ask you look at the former DOW stocks like Anaconda (dead), John Mansville (was near death), or at the vogue names of their time like "Western Union" (dead), IOM, Boreland (just went on the block at a fraction of its all time high) and many more. The point is that buy and hold for these would have been disastrous if they were a major part of your folio. Buy and hold (at least through major bull moves) is an excellent strategy if you are diversified, so a disaster in one place is fully compensated by a QCOM an INTC, or hopefully, a RMBS.
Zeev
Zeev |
