Robert, re: trading
Everyone has their own methods. However, since January 1, I have made 10X (that's right, ten times) the amount of money I would have made by trading Ciena as opposed to owning it. And my gains are in the very high six figure area.
So don't tell me that trading is BS. Of course, buying AOL, MSFT, DELL, etc. years ago would have been great investments.
Allow me to list just a few stocks where buying and holding just didn't work:
Peoplesoft
Netscape
Tellabs
Ciena <ggg>
Intel
Merck
Western Digital
Seagate
3com
Advanced Fibre
Advanced Micro Devices
Compaq
And, of course, the biggest one: RAMBUS
And the list goes on and on.
The fact is that with few exceptions, buying and holding does not give you the returns that trading in and out does, even if you can't find the top and the bottom.
Rambus is where it was in mid-November. So, are you trying to tell me you've made as much as I have in the stock as I sold my last shares at $98 and bought my first shares back at $84? In other words, at the least, I've reduced my cost basis $14, and at the most so far, reduced it by $27?
You do what you do. But don't call trading BS unless you've tried it first.
Good luck. |
