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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?


To: David E. Taylor who wrote (1953)9/29/2000 8:14:25 PM
From: mr.mark  Read Replies (2) | Respond to of 6784
 
thought i'd share this quote with the PALM thread. i've made my long term hold philosophy very well known here. and we all know how tough it can be to adhere to a buy and hold plan, especially when you're staring a nice profit in the face already. i've heard that "all pigs get slaughtered", and that has always given me pause whenever i'm holding a winner. often that is followed by, "well, you can't go broke taking a profit", and i sell. but PALM is showing me something different, and i'm finding out what level of discipline is really required to hang in on the ride up.

"Soros taught me that if you have tremendous conviction of a trade you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage. As far as Soros is concerned, when you are right on something, you cannot own enough."

- Stanley Druckenmiller, former fund manager for Dreyfus and Soros, from 'The New Market Wizards'

good luck to everyone

:)

mark