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Strategies & Market Trends : One trade a week

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To: Mike McFarland who wrote (20)	11/12/1998 1:13:00 PM
From: Mike McFarland	Read Replies (1) of 89

trying to be a long term investor... Drip reminder Message 6383395 and the long-haul thread--you might post some messages and try to get it going again... Subject 14813 I suppose that even though I am a pretty active trader, I do employ at least one strategy which is more like a long-term investor...I retain a 1000 share block of the things I follow, even if I am pretty down about the stock at the moment. A for instance is today with Ariad, aria. My limited experience with these convertibles is by watching the stock of Genzyme Transgenics tank... down down down. Now maybe Ariad is already about as low as it is going to get...and I'll hang on to 1000 shares, as a long term investment, but I was quick to flush the rest. Likewise, I've taken trading gains in things--but I don't want to be entirely out of a stock, so I'll try to hang on to a third of a position, often about 1000 shares. Just some thoughts--always with the caveat that I've only been trading actively for a year, and before now I only played with mutual funds (and did not do very well) so I am probably what you would call a novice at this. There are certainly other threads where there is better advice! (but at least it is all free, heh heh) --MM

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