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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: nasdaqian who wrote (56673)	11/30/2000 11:21:30 AM
From: The Philosopher	Read Replies (2) \| Respond to of 71178

This market is a perfect example of how while people SAY the way to make money in the market is to buy low and sell high, in REALITY the natural tendency of most investors is to buy high (after the market has gone up and up and looks like it will go up forever) and sell low (after the market crashes and people are cowering in corners and getting desperate and selling their stocks because they are terrified of losing even more money.) Over 1 billion shares are trading on the NYSE these days. Lots of people are selling at these prices. Many of them will buy back the same stocks in six months when the prices have recovered and are high again. Meanwhile, those who bought now will be laughing all the way to the bank -- IF they have the courage to sell then and not hang onto their stocks because after all they're going up and up. . . This is the beauty of such systems as the NAIC SSG and the AIM formula -- if you follow these systems they force buying low and selling high, which is what we all say we should be doing but is what most of us don't.