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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (2491)	10/10/1999 5:49:00 AM
From: Dan B.	Respond to of 15615

OT-- Thanks Bobby, it's absolutely an internet revolution indeed. I might say that one's recognition of a revolutionary technology should be considered a part of hardcore traditional fundamentalism, but perhaps that's just what I'd like to think, instead. I like to say to heck with current numbers and focus on the vision thing, and call that fundamentalism- which I guess is what long-termers do during downdrafts. I've always felt TA is an art- if you aren't one of the rare savvy players, the odds are a 50/50 speculation of beating the market- if you are savvy you think it's easy- perhaps that's you. Perhaps the same 50/50 bottom line is true of my ideal view of fundamentalism- yet somehow, I think my odds of being one of the savvy ones are better this way. Inherent in this is my agreement with the view that purchasing stocks is not a gamble so much as it is to say "I only gamble when I'm confident I'm going to win." Naturally, this doesn't always work, and so I sometimes call it speculation, and justly so, but add in that long term money helps good companies along their way....hence by holding long your money does a part towards bolstering the success of a company you believe will succeed- 'tis good for all. I think we all know holding long-term historically achieves greater success, as opposed to trading. That said, LOL, I traded Global Crossing three times between 22+ and 26+, VBG, with sells/buys based solely on watching bid/ask volume reversals, and improved my position an average of over a point for each round trip. Finally, while I was sold out, it didn't fall down my way immediately as planned, so I just bought right back in a tad higher than my last sell and held. VBiggerG. I hope you held solidly through this recent rise. My odds of missing part of it, for my little games, would have been far greater were it not for my overriding desire to be long this stock. This sort of experience(which I get a bug for attempting once in a great while, to date with a rather exceptional success ratio of winning trades I might add) tends to make me feel that I can be savvy with my simplistic TA, but I've learned that when I feel this way it's a good time to stick to my good 'ol fundamentalism, or miss great gains time and time again. Take that, Dr. Ahhaha(still surviving here- despite it all). Dan B