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.

Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (10437)	3/14/2000 8:48:00 AM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18928

Hi, I will grant that in some instances the order is in fact tripped at or very near the exact low for the cycle. However, in most cases the price of a quality stock will continue. Another way of putting it is to say "The trend is your friend". I use the 1st and the 15th it could be every two weeks or the 7th and the 22nd or the 21st. The point is that doing it daily is too hyper. 75% of all day-traders are losing money. If you sell 40 shares that you purchased at $15 a share for $22 and then two days later sell another 20 shares for $25, you have LOST $120 with your impatience. If, when you buy a stock that goes up to your minimum sell price and you are so afraid that it will not stay there, or that if it goes down it will never reach that price again you should not be in that stock. The same thing holds for stocks that decline in price. The emotions that make A.I.M. work are FEAR and GREED. You should use them not abuse them. I perceive A.I.M. as a long term investing strategy. What happens in any given hour, day or week is unimportant. I would like quote a guy named Warren Buffett but I don't have his exact words in front of me so I will paraphrase. He would like to buy stocks and go to an island in the South Pacific for 5 years with no newspapers, radio or TV to tell him how his stocks are doing. He had a bad year last year. Berkshire Hathaway stock is down about 50%. I would venture a guess that if you took the net worth of every subscriber to SI and added them together they would still come up short of Mr. Buffett's. If you watch CNBC you will hear them talk about how Mr. Buffett's style of investing is passe. I wouldn't bet on that. I hope I haven't babbled too long. Bernie