Water! Water! Everywhere and Not a Drop To Drink! Message Board

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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!

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To: Wade who wrote (69)	5/28/1999 8:04:00 AM
From: Arthur Radley	Read Replies (1) of 336

Wade, Could not agree with you more on "buy and hold" approach. I've traded short term stocks for the "thrill", but the most money I've ever maded and still making are on the stocks that I have the certificates delivered out to me. For example, Walmart, my APPS is now under $4.00 and Citigroup(bought when it was Citicorp and all the talk about it going bankrupt)and I will get another 3-2 split at the close of trading today. Another example is IBM, bought it when it was in the "pits" but sold when it bounced to $127.00, but if I had held it would have split twice and look at the price today. Secret is to buy a good company and have the shares delivered out, so you will not be tempted to sell on short-term basis. Would like to think SDIX will be a long term hold, but suspect it will be taken over at some point and probably in the near future.

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