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To: silversoldier a/k/a SI Sy who wrote (21523)10/6/2000 2:53:27 PM
From: levy  Read Replies (3) | Respond to of 28311
 
regarding this quote by Arthur Cashin "Sell on Rosh Hashanah, Buy on Yom Kippur"

Recent history with suggest this is incorrect as anyone following those guidelines would not have made any money....I believe we have to look to recent history for a more accurate assessment and I think it should be "Buy on Yom Kippur(write it in the book) and Sell at Passover" as those returns would be fantastic.........as for the meaning of Passover I think this means that you buy on Yom Kippur then you don't sell on the first Passover but rather Passover until the next Passover......that way you would be holding onto your investment for about 15 months and would get capital gains treatment of your investment.