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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: King Louie who wrote (3222)	3/3/1998 11:25:00 PM
From: ernie de la fuente	Read Replies (4) of 19331

This outta be fun, I am gonna take a stab at Buffet! I don't know too many stocks that rise as the hypethetical example sites. Crunch these numbers. Stock is at $1 rises to $2 at end of year one, drops to $1.50 midway through the next year but ends year 2 at $3. A more standard zig and zag not an x=y curve(right MH?). Investor 1 - Buys 100 shares at $1 at year 0 and sells at end of year 2, BUFFET Style. Nets $200! Investor 2 - Buys 100 shares at $1 at year 0 and sells at $2 pays 20% tax, buys again at 120 shares with funds remaining $1.50 and sells at the end of year 2. Nets $260. Guessed right twice if you call it guessing. I call it buy limits and sell limits. Buffets guess # is overstated. In his scenario, buying shares for the same price they were sold at the end of each year does NOT constitute any guessing. To each his own style but I know I have made a lot more trading some stocks than the folks holding them forever! Buffet style works only on the "stars". Most stocks are not "stars". Good luck all! VI

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