jack,
i like all caps, however, to help you since you apparently are distubed as an old time english teacher..we are in lower case.
read the following, since i believe you, for one need to be educated!!!!!
no shouting, however, look at the chart on mrvc, if you had bought MRVC at 18-23
and held to 38, you've been back to where you started. i have bought at several
different prices, anywhere from 18 to 31, but i trade. for example i owned some at 31
and sold at 28 since i heard techs (networkers) were to slide down. i cut my losses on
those 100 shares. And of coarse i have traded several times for the 10-15%, however
this is an excellent stock to make 40-50% per year. i don't believe in waiting to mrvc
hits the big 40 or 50 per share, because how many time have we heard that and it just
doesn't get that far and settles back at a lower price
yes, i am in this for investment, which means to me: Making money! NOT riding these
kind of companies up and down. you only get paid once for the ride up and that is when
you cash in on the profit. MRVC is an excellent example of a stock to trade and not
hold for the next ride down. Look at INTC; if you had bought that one in Jan97 and
held to dec97 you made absoultly ZERO!!!! Again, MRVC is a perfect example of a
volitile company and it is to trade NOT to hold!!
i certainly agree i have lots to learn at the ripe age of 45, however, this is one thing i
have learned there are several stock you don't hold and get greaty when you have a nice
profit and the sector is about to go down.
take care and happy investing,
tom |
