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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (2593)	3/25/2001 12:32:27 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

Hi MeDroogies,, I only opined on this debate since earlier you seemed to be such a strong advocate of LT buy and hold vs some of the other more conservative approaches being taken on this board. Whatever works for you, works for you. However to advocate LT Buy and Hold on one hand and then say 'But promotions are part of the game, and if you're not as good as the next guy, you'll lose out' seems rather inconsistent to me, although of course you are exactly right about the cutthroat nature of investing in equities today. The LT Buy and holders supply the cash :0) I guess you are not a real buy and hold guy then ? As an aside I do LT hold some things, but not technology at this point and not forever. Many average folks unfortunately take LT buy and hold at face value, especially in retirement accounts. I'm not trying to get into a discussion about ethics here. On all the stocks I've flipped this year for a profit I've simply taken someone else's money because on those occasions I was better. On other occasions I've been bested. I do believe however, there is a difference between 'promoting' the game and 'playing' it. ' Business isn't necessarily honorable.' LOL. Of course the game is rigged, but if you don't bet you can't win. Lazarus Long.. regards Kastel