Rockwell-Spins off Conexant (CNXT) Message Board

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Technology Stocks : Rockwell-Spins off Conexant (CNXT)

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To: David W. Taylor who wrote (1015)	5/9/2000 3:36:00 PM
From: MeDroogies	Read Replies (1) of 2013

David, I know you've been victimized on this thread before, but your condescending tone doesn't help things..... The universal wisdom of buying on the dip has been proven correct more times than not. When you compare it to catching a falling knife, the pundits are usually referring to a company that has some problems that are likely to keep it down for some time to come. If a company doesn't have these issues, it may seem(from time to time) that you're trying to catch that knife, but those who stick it out are usually rewarded. Case in point: AAPL. I bought at 21, just as people were saying "it's dead". It fell to 12. "catch a falling knife" they cried. I wish I had the cojones to actually spend more....I'd have retired! Point 2: ASPT - I buy at 18, it goes to 36, and promptly crashes to 6, while I buy more at 8. "Catch a falling knife", it rebounded to 60 (now at 37). Either way, I'm glad I spent the cash. Had I bought on the dips with EVERY single one of my purchases, I'd be 3-5X wealthier than I am now. It all depends on the company.

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