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Technology Stocks : Neomagic Corp. (NMGC) -- Ignore unavailable to you. Want to Upgrade?

To: SIer formerly known as Joe B. who wrote (3156)	7/10/1999 11:36:00 PM
From: jds	Read Replies (1) \| Respond to of 3645

hey...thanks so much for your trading method....i had to lauph at some of the responses(nicely). there is obviously a huge difference between us and the guy who "trades millins of dollars a day." for me, 1000$ is alot of money!!! i made 3k on a trade the other day and was ecstatic!!! thanks also for pointing out the irony of the prvious post. I've been studying great books on trading, and they all agree with what you say...that a method is crucial for every trade....and if i had followed yours, i'd be up 2-300% THIS YEAR ALONE. buying and holding is for the rich...i for one cannot afford to wait for MSFT or AOL to make me rich....i need to be an active trader. jds p.s. i'm in on NMGC on monday....i believe it will go up alot

To: SIer formerly known as Joe B. who wrote (3156)	7/11/1999 10:49:00 AM
From: Eddie Kim	Read Replies (2) \| Respond to of 3645

Read my post more carefully: He is a professional trader (unlike most "traders" around here). More specifically he is a MM for the company that trades the most volume (hint) on the NASDAQ. However, he personally (his own accounts, money, etc) considers the buy and hold method to be the best. Now he is a guy who gets to be in the trenches and he sees what's really going on. He has told me some GREAT stories. I also have seen his library and know he has read countless numbers of "investment books". It makes you stop and wonder why his experience leads him to believe that the "buy and hold" method is the better method. I doubt an average trader could have done better than a person who just held DELL, MSFT, etc for the past ten years. Neverminding that profits from day trading quickly dwindle after the IRS gets to them.