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Technology Stocks : Long Term Investors' Outpost
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To: Uncle Frank who wrote (361)8/8/2002 4:22:50 PM
From: Jurgis Bekepuris  Read Replies (1) of 562
 
>It doesn't matter if you bought qcom at a dime or 100
> dollars. Either way it went up to 200 and is now at 25.

However, if you were using valuation, you would not have bought it at $100 and you would have sold it at $10 after buying it for $1.

>Ltb&h and ignoring macroeconomics, as both Buffett and
>Moore recommend, simply didn't work during this cycle.

So how come you split from G&K thread and established this so-called "Long Term Investor's Outpost"? Maybe you should rename it to "daytrading when it works"?

And BTW, I would like to hear about approach that "worked during this cycle". Momentum investing? Astrology? "I did sell everything at the top, honest"?

Finally, I did not think you were so naive to think that Buffett does not ever sell - he does. Or so naive to not see that some of his choices are not ROI based - he does not sell some things even he may know they will go down in value.

Jurgis - enquiring minds want to know
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