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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (14933)7/1/2002 6:06:31 AM
From: TheBusDriver  Read Replies (2) of 36161
 
<<Slider has the right idea here. >>

Disagree somewhat here George. I'm holding for the long term with quality stocks. If you are a trader then ok fine trade the ups and downs but there is a lot of evidence that the average investor actually will make LESS money this way not more.

No problem will locking in some profits, I have done so myself but I am only 15% cash right now and have no plans to sell what I am holding. I could change my mind without notice but that is my feeling right now.

<<Never allow a substantial portion of your profits to vanish waitng for something that probably won't happen.>>

You seem to reverse yourself here. On the one hand you think this is a sharp correction in a bull market on the other you want to take profits so that you don't lose them waiting for "something that will never happen"??

I'm not staying invested because of a 1 day explosive rise but because I think we are in a bull market and I see no FA changes in the stocks I hold so why sell now?

Wayne
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