SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheStockFairy who wrote (33261)4/13/1999 10:57:00 PM
From: Imuah  Read Replies (1) of 86076
 
Wow! Three months, eh? Three weeks is stretching it for me.

Can't really blame people for getting defensive. They really think that you are attacking their personal pile when you point out any problems with a stock that they have a stake in. I didn't even say anything bad about INTC (who really can?). Just pointed out that the market didn't like the news. One poster pointed to the earnings increase and asked why that wasn't good enough for me, as if I was the one who sold several million shares to drive the price down. I wish!

But I know people who buy and hold and they have done pretty well. The argument that I hear is that if they sell they will have to pay capital gains tax. But if you really think you see a drop coming, what's the point? You sell off some and buy the same shares back later at a lower price and you pay your taxes and keep the rest.

The thing is, I think, that most people just keep sending that monthly check into the mutual fund guy/gal and he/she has to put it into the market somewhere. We don't have the old line Merrill Lynch type brokers controlling the market anymore. If it got a tad high, they would call everyone and tell them it was time to sell. Their income depended on making lots of trades. Sort of kept things in balance.

Well, thanks for letting me in the door. It gets cold out there <g>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News