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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (8988)	2/16/2001 8:38:18 AM
From: Nancy	Respond to of 11051

Steve, yes, the key for buy & hold to work is an uptrend which we dont have. we are still working out the excess and it may take longer than people think because it is an excess of historical measure.

To: MonsieurGonzo who wrote (8988)	2/16/2001 12:51:08 PM
From: Trading Machine	Read Replies (3) \| Respond to of 11051

Steve, would you go ahead and flush one good time!!! ggg I know this is gonna leave an awful mess around the bowl but do it anyway... ggg WRT your conversation with Nancy, I have two piles of money I trade, 1) 401K in Fidelity, 2) cash w/Datek. The 401k gets traded at the end of the day only and is "all or nuttin". ggg Either its in a cash reserve fund growing interest as it is now or 100% Fidelity Magellan. The cash account has taken a beating because I tried (unsuccessfully) to a) do option trading, and b)buy and hold, both of which SUCK IMHO!!! ggg The options didn't go good because I didn't know what I was doing, B&H a) don't work and b)SUCKS!! ggg What has been super successfull for me and I have gone back to it, is to do my technical analysis on the Big boyz list and find one with the right Stochastics/Ultimate Oscillator/MACD/trend line support and predict where it will go down to, buy it and try not to hold it OVERNIGHT PERIOD. Having said that I have been doing good with GE with a few overnight holds, but it takes patience waiting for it to get reset. If the OEX 60 minute Sto is negative, i.e. pointed down, I don't play because the probability of being able to pick an upward mooooooovve is small. Recall that all we try to do is shift the odds to our favor and bet the bank each time and at the end of the year the compound interest adds up dramatically. In the 401k, last year FMAGX was -6.0% or so for the year and I was up +26.0% for the year trading it. I was up 34% in December but I bleu the last trade. This year Berney says to just try and do 10% per quarter and relax so that is what I am doing. So far this year I am +5.9%, so I am on track. Anyway, give er a good flush!!! CU Paul Kellam