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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15510)	3/4/2001 6:36:38 PM
From: MeDroogies	Read Replies (1) \| Respond to of 19079

If you mean to say that my feelings about ORCL are not so clear cut because of the vagaries of the market, I'd agree. I never said, anywhere, that this was a guarantee. However, if you understood an ounce of any of my postings, what would be clear is that there are ways to look for, and pick, winners. Is it a 100% guaranteed method? No. Is it likely that you'll pick a winner 50% of the time? Probably. In fact, it's very likely. In the last 5 years, I've used this method to pick my 6 largest holdings. Only one hasn't paid off (yet)...CPQ. I've only held it for 1 year (or 15 months). The others, I have sold to recoup my initial investment plus some cream and have held the remainder to "play with house money" because they are all fine companies. My losses all occurred when I decided to play a game you mentioned earlier "a booming stock market". You implied in that particular post that it didn't require skill to make money in that kind of market. Well, skilled as I am at investing over longer terms, I would say that a booming market doesn't just spit out money for even skilled investors. I didn't make a dime in trying to trade during a booming market. In fact, I lost just about the entire amount I set aside for trading. Nope, I'd have to say pick a few good companies, let them grow, and hold on to the stock - remove the initial capital after it doubles (or more when you have that opportunity). It's not a guarantee, it's not clear cut....but it sure beats a sharp stick in the eye. Your posts have an interesting manner to them. You posit things in absolute terms, then when somebody calls you on it, you claim that wasn't your intent at all, that you were responding to someone else's absolutes.....