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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (3654)	2/21/2000 4:05:00 PM
From: Patrick Slevin	Respond to of 7434

As long as it's money that is truly in it for a long term investment and as long as the pix were well thought out per grade and for Entry then what the heck. I have stocks I've held since the early 1980's. If I had dumped in 1897 and 1993 or whenever that mini-dive was then sure, I would have done better. But today it makes no difference at all. Matter of fact, I was loading the boat on Singer through an Employee Stock Plan back in the early 80's when everyone around told me I was nuts. The company was taken out (unfriendly takeover) for $48 bucks a share and I went to Cash on it just around the '87 correction. Financed my foray into day trading for a living. Sometimes stuff just falls into your lap and right in time to take advantage. The early 1980s did not exactly have everyone thrilled about the prospects of the market either, after the coffee break atmosphere of the 1970s. Further, although no one knew what the hell they were doing in Options in the early 1980's.....I was playing them, they were absolutely whacked.....these days it's a freakin' science. Same with the Internet. Today no one knows squat. As long as you pick well, a dozen years out Internet Plays will be a cut-and-dried sector with a history people can play off.