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Technology Stocks : Jabil Circuit (JBL)
JBL 198.06-1.2%11:23 AM EST

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To: patroller who wrote (5090)4/28/1999 9:55:00 AM
From: OldAIMGuy   of 6317
 
Hi Patroller,
"The reason people don't make more money with stocks is that they set their goals too low." - Thomas Phelps; 100 to 1 in the Stock Market published in 1971.

It's one of my favorite books on investing. It seriously changed my approach to stock selection and management.

You are right, many stocks are just transient stops for most investors. Some short termers want just a quick few percent and then they're on their way. Some will look for a double and be gone. Some continuously re-analyze the situation and stick with it until "maturity" of the company/industry starts to show.

I would have made more money (some) if I'd just held my initial shares of JBL, but would have had much higher risk exposure. (I currently have 25% fewer shares than when I started.) Well, there's always been a balance between risk and reward. We each have to decide what our limits are. I plan on being invested in JBL for probably 3-5 more years - at this point. I will adjust my thinking as time goes forward. In the mean time I'll be risk managing the holding by trading around a core position.

It is nice to know that there are other investors here that have a time horizon longer than the next heartbeat. If one listens to the advertisements on CNBC, one would think that there are NO long term investors left!

Best regards, Tom
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