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 : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Nichols who wrote (4732)	1/19/2000 1:37:00 PM
From: Dalin	Respond to of 24042

So, you could very well miss a 30% run up, in anticipation of a 20% decline. Yeah, and if it doesn't rise 30% before the decline, it will after. Why take the chance? :) D.

To: Nichols who wrote (4732)	1/19/2000 2:25:00 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 24042

Nichols,it is much simpler than that actually. I daytrade. So far in 18 days in 2000 my total return on all my portfolio is a pleasant 25% ; my hope is to annualize that. :-) You and I have different investment strategies . Yous is a good one, buy and hold, and should be used by 96% of people. Research has proven however that 4% of people are successful in what I do and so that is fine for them. You are confusing daytrading with timing the market. They are different. I have 250 opportunities a year to make money, because that is how many trading days there are. I am not recommending that you daytrade I am only saying you are comparing two different things. However don't go into the market with a 5 year horizon because history is not on your side. When the market collapsed in 1972 it stayed down for 9 years and that could happen again now. Neither you nor I or anybody else can predict that it will or that it won't again. It happened before, it can happen again, TA PS:Here is some food for thought forbes.com TA ----------------------------- Message #4732 from Nichols at Jan 19 2000 11:02AM Tuna- you have been in 100% cash for a few days now right? You are expecting a big crash, right? I am not disagreeing that a correction will come-maybe in a month/week/day.But you being in cash and waiting for a huge correction is the exact reason why no one should time the market. You've already missed a 10% run up on JDSU. Could run up another 10% before earnings. It WILL be added to S&P one of these days. So, you could very well miss a 30% run up, in anticipation of a 20% decline. Yeah, that makes sense to me. Me- I'm not that smart. I latch on to a totally dominant company, in an exploding industry, with great management and put my stock certificate in a shoe box and forget about it for about 5 years. And when it dips by 30% and buy more. Best of luck!