Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Bipin Prasad who wrote (12341)	11/4/1999 10:50:00 PM
From: MeDroogies	Read Replies (1) \| Respond to of 19080

Actually, you're wrong. You don't need to be a daytrader, and it isn't about getting in at bottoms and out at tops. I trade in and out of a number of stocks, not strictly daytrading, while I hold long positions. Short term trading acts as an excellent hedge, and helps to lock in some level of profits. I hold a very large long term position in AOL, yet I was buying in at about 80, and trading out at about 95, in a cycle, for some period of time WHILE I held the AOL.....it was a great way to build up cash to invest in other areas. These trades often took place over a period of weeks, and I never got in at "the bottom" or out at "the top". But, I was close. Whether I miss a cycle or two is meaningless. Everyone does. But, selling ORCL now is probably not a bad thing, if you plan on getting back in a day or two from now. You could lock in some substantial gains, and continue the climb....