Generation Xers--saving and investing strategy Message Board

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Pastimes : Generation Xers--saving and investing strategy

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To: TobaccoMan who wrote (30)	11/3/1997 11:33:00 AM
From: Mike McFarland	of 100

Nice to have a winner, I sold 2/3rds of my orem just now however...I was prepared to hold it for a year and sell in the low 30s, so I cashed out most of my shares at $34 which I held in my tax deffered account. You wont see me gettng rich soon on the stock market however--I only trade as a hobby...OREM was my largest holding and I only had 300 shares! I would have had 400...but a hundred which were on margin in my taxed account got shook out last week with the dip and my nervousness. Here is a good one--I bought 1000 Korea Investment Fund friday at 4.5 and sold just under $5 just now...but see how easy it is for a beginner to make silly errors--I put the order in as a limit of 4 instead of 5...no biggie, nobody took advantage of the mistake! You can always go to my personal profile where I show the stocks I own (except for the day trades like korea)...but I have a very simple minded approach...buy cheap PE's. Boring--and not yet a proven system for sure for me!

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