Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Gottfried who wrote (6186)	12/29/1997 11:07:00 AM
From: NucTrader	Read Replies (1) of 95453

>>>>>>>Off-topic<<<<<<< I'm becoming more long range in my investment perspective than I used to be. I began investing at the market bottom in 1996, and discovered to my chagrin that I was by nature a trader with a short term perspective. I've actually done well [i.e. been lucky], but with quite a few nervous moments. Recently my tendencies have been to not overinvest in any one stock [diversify]; to avoid a portfolio of "high juice" [I used to be 100% tech]; and to and develope a longer range perspective. That being said, the real game, as far as I'm concerned, is TIMING - what ultimately determines your profit/loss is when you buy/sell, regardless of your investment horizon. While I have clipped some profits short, I've also avoided some dramatic downswings which others with a longer term perspective haven't. If a stock goes from $9 to $60 that's a great profit, but not if you believe in the company so much that you forget to sell and ride it back to $12. In the end it's like the Baby Bear's porridge - [probably] best to be neither too long or too short, but "just right". Good Luck in this Market! [I didn't sell EVI since it was up]

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