Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Keith Monahan who wrote (1066)	2/16/2001 3:12:54 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Concerning investment, I'm not much a believer in it now because the FED has brought back the cycle, so you have to time. If you have to time, you might as well trade. Nonetheless, I heard some old man on CNBC who has been at the biz almost as long as I have make a "prudent" recommendation to a guy who phoned in because he was worried about Att after having owned the stock since 1960. The old man said he thought Att should be sold. That is hack amateur stupidity. Instead of simply recommending that since the guy held the stock for so long, he might as well go on holding it, which is the "safe" mutual fund philosophy sui generis, he moves the guy to sell. Att is no wunderkind and it is likely to get hammered some more and stay down for awhile, but then it's going to be a big winner simply because it's bit the bullet and is way ahead of all of its so-called competitors. That's one helluva a mean company and they're getting meaner and leaner. The old man is not taking into consideration he doesn't know a thing about Att. He makes a comment that can only be wrong for this investor. If the guy has held for 40 years, he might as well go on holding. He'd feel naked without it.