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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Ron McKinnon who wrote (34027)10/27/2001 11:49:34 AM
From: Kelvin Taylor  Read Replies (1) of 53068
 
"I am now a longer term cautious bull"

meaning your mind is subject to change with the market direction. if we have another unexpected event or if the signs for recovery don't materialize as quickly as the "experts" say then what happens?

you know as well as I do the best defense of capital in these market conditions is trading. those who bot the large caps and held too long now see prices that have returned to 1998 levels. buy the dips, sell/short the rallies. EVERYBODY is bullish looking out(1yr, 5yr or 20yrs)

if the stocks you are long in rise quickly then you will sell and short the ones that look toppy. do you really plan to hold a stock that runs say 50% in a week or two?

hold a core long term positions are fine. I have a few. but the bulk is trading stocks. you want the profit from the sell, not the stock itself just in case the market decides to go south again right?
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