To: Meathead who wrote (132641 ) 6/14/1999 7:11:00 PM From: SpongeBrain Read Replies (1) | Respond to of 176387
>"The very fact that you think any college kid with a screwdriver and an HTML page can compete with Dell shows your ignorance. You obviously don't know the first thing about business or companies like DELL, CSCO, INTC, MSFT or how they've managed to build virtual monopolies in their respective fields. " I was making a point that the internet has changed commerce. For you to lump DELL into the likes of CSCO, INTC, MSFT shows your an old coot who just happened to compound his money during a killer technology bull market...Hardly takes skill to do that. Park your cash into the biggest most popular tech stocks..Wow, where did you learn to do that? >"This also shows you haven't been in the market very long... never experienced a "real" bear market have you? How much money did you have at risk in the market in 1987? Have you ever heard of shorting? To reiterate, I'd give my left thumb for a bear market. >"I've studied Dell and the PC industry for the better part of a decade following every twist and turn. I 'get it' mister PC industry rookie... you never understood it to begin with. Oh guru of life, I've found that people who think they know it all, dont. >"If you had a few million in your retirement account, what would your asset allocation be? Internet shorts/longs? Options? Tick by tick day trades? Surely you wouldn't put money in any of these big stable stodgy behemoths... that would be stupid wouldn't it? An IRA allocation has NOTHING to do with short term trading. Again these are apples and oranges. But if you mut know, if I am to hold and not watch a stock (Which is 100x riskier than daytrading) I would hold leaders in emerging sectors, not dead tried ones. Online trading and high speed broadband internet play are the only tech stocks I will hold. These 2 things will be as ubiquitous as air very shortly. They have demolished any fund I could ever have bought, even if we get a 50% bear market from these levels. PS: my 'holds' have sustained incredible losses (ATHM, EGRP, SWS) Yet another reason against buy and hold. I will say it once again: daytrading is safer than holding bonds!