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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Threei who wrote (4027)9/15/1999 7:47:00 PM
From: Herc  Read Replies (2) | Respond to of 18137
 
Buying and holding onto a promising stock for 3-5 years definitely has been more profitable but definitely takes more CAJONES. Any little coward can dart in and out, which is what I usually do. Think of all the commission savings. And think of the savings in LT capital gains vs. ST. capital gains.

Paul Allen sold his AOL stake for $80+ million in 1994. If he had held onto until this year it would have been worth $4+ billion. But he didn't have the cajones.