INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (5052)	1/10/1999 5:59:00 PM
From: Berney	Read Replies (1) of 11051

DJ, Welcome! The annualized return for the DJIA for this past week was 840%. The S&P was a much more subdued 432%. I always get entertained by annualized returns. This week I posted my various positions. I don't generally do this because I seldom hold things for more than a few days, and often for only a few hours. For example, bought 500 ERICY late Friday at $26 3/8. The sell order is already entered at $27 7/16. I'll take my 4% (hopefully) and run. In fact, if I'm holding something more than a few days, it usually means my entry point was screwed up. I want to take advantage of this incredible run, but we know this market can turn on a dime. Now, I'm doing this in retirement accounts, where I don't have to be concerned about taxes. I realize we have different strategies. I'm comfortable with mine. Berney

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