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

To: Stock Farmer who wrote (4839)	6/12/2001 2:30:23 AM
From: pezz	Read Replies (1) \| Respond to of 74559

<<Investing is about foregoing consumption to acquire Capital. >> On this we agree .But the method that this is best done we is far ,far apart. <<They think it's all about exchanging little pieces of paper. The ones worth more for the ones worth less. Nothing could be farther from the truth. >> LOL well on this one I couldn't disagree more. I buy little pieces of paper that I think I can sell for higher later........ In fact I'll go ya one more. I see lots of groups of letters onna screen with numbers after them. I try to predict which group of letters will have the highest numbers following them. Now you may think that this is gambling but [no offence ] that's just becuz you haven't a clue on how it's done. This is not about finding good companies but stocks that go up in price. Example: Some time in March I sold a stock [ ata loss ] that was a 45% eps average grower over the last 5 years. The stock bounced up to 10 three years ago . Never saw 10 again till just before I bought it [March ] .Now it's 8.50 or so. PE about 6. We buy stocks not companies...Can you spend a company's profits if they are high? Cash in their assets if they are under priced? Of course not!.........Your only shot at making real money is if someone else decides to pay you more money for it than you paid.[ be honest we ain't in this for some puny dividend that they may condescend to give us ] I try to get to the heart of the matter, supply and demand .Rather than try to figure out whether or not there will be the trigger that will create demand [ earnings or news ] I look to see if there is currently a favorable supply demand situation . <<But I have no difficulty with long term investment.>> Now what this is really all about is the increasing of capital and any way that works is fine. But just forthehellofit how do you do long term investment without speculating?