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Technology Stocks : Concurrent Computer (CCUR)
CCUR 2,5000.0%Nov 14 9:30 AM EST

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To: ENOTS who wrote (6685)1/27/1999 5:21:00 PM
From: DEER HUNTER  Read Replies (1) of 21142
 
Investing is probably the most difficult project you or I will ever attempt to master. The hourly and daily movements of stocks are for the most part 'noise' when considering the big picture. Individual companies and stock movements go through cycles as does everything else in life. As an investor one must ask at what stage is this company and what is the most probable long term trend of the stock. Long term is considered between two and five years at the least. Answer this question ENOTS and you will know what to do. That is assuming you want to invest versus trade.

Traders on the other hand do not really consider the big picture for the most part and often 'plunge' with huge amounts of money to take advantage of temporary 'overbought' and 'oversold' conditions. Temporary meaning several days to several months. The traders ......despite the frustration their actions may have on 'us' investors provide a very important and necessary function in the market place ....that being to provide liquidity. For without the traders the hourly and daily swings would be much larger and the irritation these 'down' days provide us would be much worse. Of course you know all this. Now....who do you want to be? A trader or an investor? Before answering this question you should do some research. Despite what some of the best traders may tell you it is extremely difficult to 'out-maneuver' the market such to consistently beat the averages over the long term. Now I'm not saying it can't be done. Tudor Jones and Richard Dennis do it in the commodity markets. But they are 'plunging' for the most part. The whole key to becoming a great trader is developing a trading plan that only considers the 'high' probability trades and having the fortitude to stick to the plan no matter what. Most traders I suspect are unable to do that.

So....here we are. You ask "where is all the buying"? Well....it was there. All the way from 1 and change to 4 5/8. Back and filling is a part of this game and will always be with us. Get used to it....it ain't goin away. If your 'uncle' point is too large scale back. If you no longer want to invest sell your lot and become a trader. But don't forget to formulate your plan first and put it in writing. Good luck to you as always. See ya.

dh
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