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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (93514)8/11/2001 4:57:34 PM
From: Frank Pembleton  Read Replies (1) | Respond to of 95453
 
Art, I'm a small investor. I opened my brokerage account with $2g about 7 years ago. At the beginning of this year I'm managing $100g+ after becoming actively involved just 3 short years ago. I did it purely by playing with commodity based stocks. I've never owned any of the nasdaq bubble stocks, simply because of due diligence.

QUALCOMM? Is it reasonably prices yet? Would you recommended it to my 57 year old neighbor?

Regards
Frank P.



To: Art Bechhoefer who wrote (93514)8/11/2001 6:09:07 PM
From: Cogito Ergo Sum  Respond to of 95453
 
Small investors get hit rather badly with commissions if they make a practice of active trading

Online commissions are pretty cheap today. I agree in certain stocks buy and hold is approriate but in energy (not including maybe CDN royalty trusts) such is not the case.
Also, had I followed buy and hold with my mutual funds I'd be waaaaaaaaaay down as in Canada most of the funds held NT LOL..,

regards
Kastel
Not a market timer but I do like to keep my winnings :o)


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