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To: Wyätt Gwyön who wrote (52308)5/4/2001 9:14:08 AM
From: GVTucker  Read Replies (2) | Respond to of 77398
 
That reminds me of that old Wall St. saw, "A long term investor is nothing more than a trader with a loss."



To: Wyätt Gwyön who wrote (52308)5/4/2001 10:27:49 AM
From: RetiredNow  Read Replies (1) | Respond to of 77398
 
Hey Mucho! Well said! I agree with those thoughts completely. I almost never flip stocks. The long term odds on coming out ahead are very slim.



To: Wyätt Gwyön who wrote (52308)5/4/2001 12:22:30 PM
From: Ed Forrest  Respond to of 77398
 
MM

Ed, i would be cautious about the "flip for a buck" strategy.

Hi,indeed you are correct and I am.

I have a self imposed iron clad rule of only allowing only a 3% downside.

Today has been very good in that it has allowed me to unload at 19.4 from 18.7 and reload at 19 and just now sell again at 19.5.

It's tedious work that I recommend to no one.

Cheers


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