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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (33115)3/24/2000 5:55:00 PM
From: Daveyk  Read Replies (1) | Respond to of 43080
 
Now that's gonna have me thinking all weekend.Hope C doesn't join the divers cause I bought that for long term portfolio.Only the second time in over ten years I've owned a bank stock.Have a good weekend.What's in a rusty nail?



To: Susan Saline who wrote (33115)3/24/2000 7:38:00 PM
From: Kelvin Taylor  Respond to of 43080
 
all stocks will fall in price for a variety of reasons, some ligit some not. dives on good stocks are just great buy opps.

we bot some today on dips that continued to dive.
mistake? no.

we will see a profit zone in time, probably very quickly.

folks who bot POWI, for example are probably sick of their bargain right now. the market over-reacts both on the downside AND upside.

would rather have bot DDDC and POWI today and be down some than to have chased them a few weeks ago when they were 50% higher.

a point about hold "long"

for wide swinging, lower quality stocks one must excerise caution in hold for very long. For the top stocks hold longer can pay off handsomely

bot SMTC and CREE last year when the stocks was not very much in favor. CREE beat the street last year, but still lost half its value on the summer correction in '99.

those three were well worth the wait.

so bottom line: if holding long term buy quality. if its short term trading stock, buy on sale and don't let at nice run run over you!