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Non-Tech : Invest / LTD

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To: Lucretius who wrote (5402)	11/16/1998 10:23:00 AM
From: waverider	Read Replies (1) of 14427

LT, I want to thank you for convincing me to get out of the market when I did back in April/May. I would have been wiped out had I stayed. However, it has been my experience that got me out of the SHORT side recently. Had I stayed, I would have been much poorer today than I am now. I don't pretend to know what is going to happen the next week or next year. All I do know is that your market timing has succumbed to the classic "gotta make two RIGHT decisions" problem. You called it right the first time, but the second decision is killing you. When to get back in... The whole experience has taught me a lot. Long term holding is not the answer in most situations, nor is ignoring the trend. The reason most mutual funds fail to beat the averages is that they think too much. I'm sure about one thing. I've spent way too much time with this madness. If I had just kept those 500 shares of Cisco 5 years ago and took a hike... Good luck out there folks. <H>

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