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Technology Stocks : Gemstar Intl (GMST)
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To: freeus who wrote (2728)4/12/2000 3:35:00 PM
From: Mike Buckley  Read Replies (1) of 6516
 
Freeus,

Then shouldn't we have sold when it was over 100?

There are a lot of ways to make money in the market but my way is buy and hold. We never know when an announcement will be issued that might have made that $100 price tag look cheap.

And remember that pre-tax returns garnered from selling stocks every couple of years have to far outperform pre-tax returns garnered from waiting five or, better yet, ten years to achieve the same after-tax results. The moral is that when you sell, you better be darned sure that your sales today are going to be a lot more profitable pre-tax than waiting another five years. Otherwise, in the end you would have been better off riding out the dips.

--Mike Buckley
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