RAINFOREST CAFE Message Board

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Non-Tech : RAINFOREST CAFE

RAIN 6.585

-8.4%

Dec 26 9:30 AM EST

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To: Milo Klanke who wrote (930)	10/8/1996 11:58:00 AM
From: jimleon	of 4704

Hi Milo, What makes buy and hold worthwhile is the 3, 4, or possibly 10 bagger you can get. A short term trader, takes this ammunition OUT of his possiblilites by selling after a small profit. And ironically, the ones that go up will probably keep going up to be a 10 bagger. True story: My mom came to me in 1991 and had 2K to invest. Guess how much she has now after I simply bought and sold on fundamentals and no chart watching. 4k? 5K?? 10k??? How about 40,000!!!! as of Sunday. RAIN is her top holding as is mine. Now I am her favorite son!!! This may so dumb, but I believe the HARDEST strategy to follow is the buy and hold. It is no fun seeing your stocks go down with the usual correction. I am always tempted to sell but remind myself of the earnings of my stocks and of the fact that nobody can predict markets, but companies for the most part are. RAIN will be making another run at a new high after a breather today from short term traders taking a profit only to buy back in at 38!!!!!!! Dr. Jim

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