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Non-Tech : OAKLEY- NYSE:OO

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To: Brian C. Lund who wrote (181)2/27/1997 2:17:00 PM
From: capitalistbeatnik   of 1383
 
Stop losses are for craven investors who dont know why they bought the stock in the first place. If you would have stoplossed Taco Bell in the eighties youd have lost dozens of times. If you hang on, watch the nice earnings report and average down, youre a big winner. The same with tech last year. I bought BRKS at 14 and averaged down to below ten and now its almost at twenty. Same with AMAT. If I would have stop lossed on the shares I bought at 33 look where Id be know. Investing is more stomach than brains anyway.

If the people you dis hold on and average down, theyll be winners in the long run as long as the company is increasing earnings etc.
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