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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: M. Frank Greiffenstein who wrote (13200)8/7/2001 3:44:13 PM
From: RobertSheldon  Read Replies (3) of 15615
 
*It took more then a human lifetime to make back money on the Suez canal. Not a very good analogy.

I do not understand what you are talking about. The British came in and bought out the origional owners and enjoyed profits for the next 100 years. I did not say that it took a 100 years for them to make money. What did you mean?

*The business press has been foisting the "buy and hold" mantra on unsuspecting people.*

Yes, we wrote about this in a recent book. Buy and hold is important only if you can identify the ~5% or so companies that will be "worth" buying and holding long term.

Have a very positive day.
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