PSFT - Fiscal 1998 - Discussion for the next year Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chuzzlewit who wrote (1861)	8/24/1998 1:33:00 AM
From: LLCoolG	Read Replies (1) of 4509

Chuzzlewit, If TA is nonsense, and you are going to uy and hold for ten years, why even be on the thread? It makes no sense. I am not a big TA believer either, but I guarantee you that anybody who has watched this stock for a year or two knows that you will make a lot more money on this stock by trading the volatility than by buying and holding. Unfortunately, I have not taken the bait since April, because I have been nailed on the short side with this stock. But this stock is notorious for trading in a 3-6 point range, with almost anyone being able tp pick these off. They have 5 swings since April between 42 and 48. There is nothing wrong with buy and hold. But if somebody dropped this absolute dog to buy something else for the time being, and then come back to this one, they should not be criticized. And they would have a superb chance of beating your return for that money. This is disappointing. At least GJD is giving us something to ponder. Whether it's right or wrong is for each of us to decide, not dismissed categorically. G

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next