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Technology Stocks : Brightpoint - CELL
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To: Brian Lempel who wrote (1322)1/14/1999 9:45:00 PM
From: steve beckle  Read Replies (3) of 1999
 
General question to all: does anyone invest for the long term anymore? I see all sorts of hand wringing on this thread "It might drop to 16" , "resistance at 17 1/8". "profit taking today", "going down the toilet" and on and on and on.. I bought this stock based on its long track record of expanding revenues, increasing margins, P/E history, et al. As far as I'm concerned, until that trend stops, I couldn't care less about the day to day goings on, because there's so many idiots in the stock market you never know who's gonna sneeze next and what effect that will have temporarily on price. I check this stock maybe once a week or so. Are most other people here day traders? There seems to be so much hour by hour fixation on the price. Wake me in a year when it's in the mid 20's.
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