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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (13961)	2/10/2002 3:26:04 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 23786

Whatever works for you. If you've found a method that you do consistently well with, use it and stick with it. I just find that I can predict short term better than long. There are simply fewer unknowns left as you close in on events. ``If you make a trade and you're not home when news breaks, you can't pull the trigger the other way,'' Undoubtedly true. And I've been a victim of it. Just a few weeks ago I got clipped for several K by an unexpected news announcement from a company I had options on. About a 30% loss. It's good I pulled the trigger fast, though, because I just checked them and they're now down 80+%. "Investors who can't watch the news constantly get burned", Connellan said. Yup. You gotta pay attention. But let's say its 1964, you're holding lots of stock long term- -your retirement kitty- -and you plan to retire in 1974. Things are looking fairly good at the time, with prospects of getting better. Then 1973 and the oil embargo hits. Who in 1964 predicted that? Would you have believed them?