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To: reaper who wrote (33888)3/10/2002 11:57:05 PM
From: ild  Respond to of 209892
 
Reaper, great post!



To: reaper who wrote (33888)3/11/2002 12:09:44 AM
From: John Madarasz  Respond to of 209892
 
Excellent thoughts...thanks for sharing them.

Best of Luck to you,

JM



To: reaper who wrote (33888)3/11/2002 1:04:13 AM
From: Zeev Hed  Respond to of 209892
 
Reaper, I think this a very good post and should be read by most bulls as well as bears, with your (implied) permission, I will like to cite it on another thread.

Thanks.

Zeev



To: reaper who wrote (33888)3/11/2002 1:43:04 AM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
Good post overall reaper, but I haven't seen any stocks gap up to infinity overnight. Maybe some doubles in my time, but the risk of shorting is not infinite. It's really not much riskier than being long.



To: reaper who wrote (33888)3/11/2002 9:08:22 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
First, you are not intruding. Drop by more often would be my vote.

Now, there is a terrible problem with your plan as it applies to others reaper. If you are over 40, then you may not have time to "buy the bottom" as you suggest. Buying the bottom is not easy. This sounds obvious, but it ain't. One might end up buying and holding for a bottom MANY times in a bear market, only to find some time later than it is not the bottom.

If one knows this, one might be tempted to adopt the approach of legging in on declines. Well, that's all well and fine, but it could be many years before the investments clear your average cost for good (i.e., to the upside).

No, a middle-aged person could very easily be an old person before buy and hold provides any financial security.