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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (9357)	10/9/1998 3:16:00 AM
From: Prof	Read Replies (1) of 29382

Sorry Ken, didn't mean to be a scold! It's just that in this market I think we all earn our few and far between victories no matter which way we buy/sell the trend. I DO tend to get on my soapbox every now and then. I know what you mean by buy and hold being hard work. I wish it was still possible to do that safely. But times change, and markets change, and we either change our strategies (as I see you have done also) and thinking or we don't survive it. I've made more gains selectively shorting stocks over the last week than I have since last October on my longs (which I have slowly sold off so as not to be left with nothing - broke even basically.) I got hurt real bad last year just about this time, as did many others. I wish it wasn't this way, but it is. Yeah - my 403b (Magellan) fund ought to be renamed "The Bosnia Bankrupt Fund" - I hear they're thinking about sending out old 1987 year end reports so as to make us think the last 11 years didn't happen. Regards, Prof

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