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Strategies & Market Trends : Roger's 1998 Short Picks
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To: cellhigh who wrote (7718)4/23/1998 7:59:00 PM
From: Bill Wexler  Read Replies (2) of 18691
 
Wrong yet again Ron.

I said that short term or day-trading relies on luck. You may as well go to a casino. It is impossible to predict short term price movements through TA, flipping a coin, astrology or the psychic friends network. Long term investing relies on the fact that a stock price will eventually reflect underlying value.

If my Intel investment would have gone up 500% the day after I bought it...I would have sold and attributed it to luck.
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