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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (47574)	2/19/2001 9:59:09 AM
From: Rande Is	Read Replies (1) of 57584

. . . . Bears Repeating . . . . The key is to be patient, track a select number of quality small and mid cap stocks that are leaders in their field, with reasonable valuations, and buy them during panic selling. The REAL trick is to then have the confidence to hold them through the volatility and hysteria that false prophets like Bill Fleckenstein thrive on. This is where I was shaken out and regret selling IDTI and IRF after having bought them at $30/$31 dollars. I am beginning to think that there are two ways to play a market with the hypervolatility and schizophrenia that this one currently has. One can be a day-trader, sit by the computer all day, and make lightning quick short and long trades, or one can invest for the next 6-12 months, ignore the day-to-day gyrations and have confidence that good stocks bought at low prices will eventually be profitable. The losing course is to invest week-to-week, which (in my hands) results in buying as stocks are nearing a peak and then selling when they are at a near-term bottom. DlphcOracl Great advice, DO. I agree whole-heartedly! Thanks, Rande Is

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