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Technology Stocks : CSGI ...READY FOR TAKE-OFF!

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To: Jeffrey S. Mitchell who wrote (2485)2/19/1998 5:17:00 PM
From: Tech Master  Read Replies (2) of 3391
 
Jeff-

I found this post on another thread... the names have been changed to protect the innocent:

To: Joe Investor (4442 )
From: speck Monday, Feb 16 1998 1:46AM EST
Reply # of 4537

TRADING vs. HOLDING.

I can't understand how anyone can claim that holding a stock like CSGI is a good strategy

WHY DO PEOPLE INVEST IN THE MARKET ?

they invest to accumulate wealth.

Holding on to a volatile trading stock is not a good strategy.

Currently, CSGI is a trading stock...

You don't keep adding positions at the bottom, when you don't sell at the top. It makes absolutely no sense what so ever.

If you sell at the top, when you go to buy back at the bottom, you can use your profits to buy more stock, without having to put "new" money into the stock. You build wealth by adding to your position every time you go back in to buy. (without having to throw NEW money into it
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