<I thought the key was to "diversify"?>
Can't argue with you there. In general it is better to diversify, although there are times when it works out better not to diversify. Anyone with a diversified portfolio of technology stocks would probably be way down this year no matter how many stocks they owned. If you hold 10,000 stocks that are all down 50%, your portfolio would be down 50%. You also seem to be forgetting that a personal brokerage account doesn't have to be one's only investment assets. I have enough money in my retirement accounts to be diversified overall even IF I held only MTXX in my personal brokerage account.
<you claim to be up overall because of MTXX>
Well, if I'd known that you were going to interpret that literally, I would have phrased it slightly differently. I am up overall this year primarily because of MTXX, not entirely because of MTXX. The percentage of MTXX in my portfolio is my business and my business only. I will say, however, that I avoided large losses in technology stocks because I have been trading them rather than holding them. I have actually made money in some technology stocks this year, although I have lost on others. That's the breaks of trading, but I would have been worse off if I had simply held them.
<you just HAPPENED to buy at the low and sell at the high!>
When did I say that? I did not buy at the low and sell at the high, although it sure would have been nice!
<Yet you claim NOT to be trading MTXX aggresively!>
You're right. I am not trading MTXX aggressively, and I have the brokerage statement to prove it. I will trade this stock aggressively when it makes the move up that I believe is eventually coming. I have no interest in selling any shares at the current price because I think it is worth much more and the stock is acting well. For the most part, MTXX has not been volatile enough to trade for many months, and the usual wide spreads would make it difficult to do profitably.
<So many contradictions in your statements!>
The contradictions are in your mind.
I agree with Troutbum. You belong on Yahoo with the rest of the Yahoos. Oh, I forgot, you post on that trash thread regularly under various names, talking to yourself, right? |
