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Technology Stocks : Compaq
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To: Captain Jack who wrote (94108)12/10/2001 7:37:44 PM
From: hlpinout  Read Replies (3) of 97611
 
****OT****

Hiya Cap,
I have certainly learned the hard way that "investing" is not the proper term anymore for Wall Street. I learned that it is much better to take almost any short term gains when the market turns South (providing you are not short), and run with it. This BS about buy and hold is bunk. All it takes is a brokerage or report or even a rumor to send almost any stock down or move it in a direction with seemingly no news. For example, Oracle that was downgraded according to one analyst and the next week another upgrades it. Or how about a stock that had a conference call or Monday, took a hit on the next two days and then downgraded on the third day by a broker based on Monday's conference call. How about when a stock sells off at the end of the day and you can't figure out why just to read the next day about some very ugly news about that company. I have seen so many examples of stocks spinning their wheels of no fault of their own and also action taken by the big boys leaving the little guy to figure it out. Look how many stocks have gone cyclical over the last two years and essentially gone nowhere but if you had been trading them, could have done very well.
Lessons hard learned IMHO.
Congrats on your BRK. I have to use a drip program to buy a share:')
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