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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 7 4:00 PM EST

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To: HG who wrote (46428)	4/15/2000 1:48:00 AM
From: jbe	Read Replies (1) of 99985

Happy girl -- I gather from your comments that you are not really a true buy-and-holder, but only buy and hold a few stocks, like Cisco. A true buy-and-holder holds everything he or she buys. And goes only long! It's a way of life... For example, I held onto the oil service stocks I bought in their heyday, back in 1997, until they had lost a good 60% of their value. This year the only one I did NOT sell finally caught up to the price I paid for it 3 years ago. As a matter of fact, I made a whole $500 out of it. Whee! I would have been better off selling those stocks when they began their decline (caused by the slump in the price of oil), parking the money in some more profitable place, and then buying back into oil service when the industry perked up again. But such is life. <g> jbe

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