Hi LG:
<Robert: Was that a 18 month buy and hold strategy? Or, did you trade the "inuts" over
the last 18 months?>
Over the last 18 months, I have been honing my strategy. I did not trade the inuts as much as sell some too soon in 1998. That resulted in a tax liability that has shocked me into not just buying, but HOLDING. I do not want a repeat of that next April if I can possibly help it.
Of course, holding is tough. My portfolio is down 40% since its peak April 12, and given what I read on this thread the decline may not be over. I continue to hold by reminding myself of my cost basis on these stocks, not where they are from their peaks.
< And if a buy and hold strategy, would you recommend to someone to buy your stock
basket now and hold?>
It all depends on one's timeframe and one's goals. If one would be content to hold this stock basket for a year and triple the money, then yes, now is an ok time to buy my stock basket. However, this coming week could get ugly, so why not wait at least a couple weeks until the skies look clearer? It has been a fairly consistent pattern to see the inets run up 6 weeks prior to earnings announcements, although that pattern has not been as clear the last couple quarters. At any rate, were the FOMC, interest rates, Kosovo, etc. to cooperate this time around, one might expect the next upswing to begin in early June.
My stock pick for the new millenium? CMGI. Up 1200% in the last 12 months and only in its second inning.
Regards, Rob
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