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To: Danny who wrote (113152)12/21/2000 11:57:02 AM
From: tonyt  Read Replies (2) | Respond to of 164684
 
<<Alomex, if you stopped investeing NASDAQ 18 months ago because it was 2400, you have obviously missed the great opportunity to make money. Simple as that.>>

With the NAZ below 2400, an investor would have been better off in a money maket account if he sold everything 18 months ago.

Now, a good trader on the other hand would have missed a great opportunity.



To: Danny who wrote (113152)12/21/2000 12:51:30 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>if you stopped investeing NASDAQ 18 months ago
because it was 2400, you have obviously missed the
great opportunity to make money.
Danny, your right but if you started investing in the Naz 9 months ago, you'd be broke and busted today. Especially if you were on margin.
Like I've said here 100 times. Its all about timing...nothing more nothing less.
Btw
Staying power helps a lot too.



To: Danny who wrote (113152)12/21/2000 4:06:35 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
if you stopped investeing NASDAQ 18 months ago because it was 2400, you have obviously missed the great opportunity to make money.

Wrong.

Investing means buying and holding for the long term. Investing at 2400 would have been dumb. All my long term retirement money is sitting in TDs.

My trading account on the other hand, has been quite active.