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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (2505)9/20/2000 9:42:44 AM
From: lindelgs  Read Replies (2) | Respond to of 65232
 
Good Morning People!!! Anyone here follow/like/don't like Yahoo? This is my first time with Yahoo calls - should I take the $ & run if it has a strong day? Any thoughts are appreciated! TIA, Legs



To: Voltaire who wrote (2505)9/20/2000 10:21:08 AM
From: SE  Read Replies (2) | Respond to of 65232
 
Last night I read a post somewhere on here about AOL and how everyone ought to be rich based on that move. Got me to thinking about some stocks and some retracements they have gone through. I put up several charts on a weekly basis using a log scale (it is the only way you can compare as so many have split so many times) and found that all the big winners have had several many months long corrections of big percentages over the course of the last 10 years. Put up a weekly log scale AOL, CSCO, MSFT, INTC, QCOM any of them. The people who seem to make the most money appear to do the following:

1. Find a company that is a gorilla type company.
2. Invest in it and forget it.
3. Time is your friend.

Many posters who I respect speak of stock basis in the low single digits on a lot of these stocks....they were not shook out during the expected and inevitable declines that took place...sometimes more than 50%.

Of course, the key is the economy as a whole stays on track and the bull market continues. The last 10 years have been very very good overall, but it certainly appears to me the key is getting the horses and then letting time work in your favor.

Time...our number one friend.

-SE