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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (38095)	10/10/2000 10:53:03 PM
From: Monty Lenard	Respond to of 70976

ST, Isn't that amazing? Monty

To: Sun Tzu who wrote (38095)	10/11/2000 6:27:12 AM
From: Alan Siegal	Read Replies (1) \| Respond to of 70976

And do you think that is a better proposition than buying for every 5 points up? The actual outlay is the same, but when the time comes to sell, you're more likely to pay taxes on long-term gains. Also, if you buy on the upswing, how do you know it's the real thing and not a dead cat bounce? Do you wait until it has gone up 15 and shown two plateaus? When you buy down, you don't have the nagging feeling you missed the bottom. You DO get the bottom within 5 points.

To: Sun Tzu who wrote (38095)	10/11/2000 7:37:05 AM
From: daryll40	Read Replies (3) \| Respond to of 70976

Do I think it's a better proposition (buying every 5 points down versus every 5 points up)? In this case, obviously not! The thing keeps dropping! The trick is to buy stocks at or near the bottom. Buy low and sell high. Seriously, at some point this has to bottom. We're not going back to abacusses and mechanical adding machines and dial telephones. I'll keep buying bit by bit as it drops and drops and eventually be positioned for the eventual rebound. Daryll40