Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Don S.Boller who wrote (12619)	1/2/1998 9:48:00 PM
From: Richard Estes	Read Replies (1) of 94695

and IBM took 10 years from its 1987 high to get even. But, if you picked only stocks that go up and held them for 53 years, you would have a big profit. The old buy and hold story. Sorry I can't buy stocks from 1945 have to make decisions on today's market. I really don't think this should be justification to sit thru 40-60% pullbacks that the decrepit stocks have experienced in their past. The reason you see IBM and others talked about and moving a little is good PR and name recognition. Not because they are growing or have "value", a great deal is due to funds having to find the hi-cap to allow them to trade. The media and brokers push them because they have got to sell them to someone.

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