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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: marek_wojna who wrote (85682)	5/22/2002 3:48:11 PM
From: E. Charters	Read Replies (1) \| Respond to of 116815

Mark Wagner: You either play the market smart and hedge, and play tight as little money makes little spread wide, or you correctly deduce which way the long term market is going, and ride the bull or the bear with the right instrument. If you look at the graphs, you see that the market operates in 20 year swings. Once you see its swings and feel its inflections, you either short of long. But everybody cannot do that. The Swiss can buy equities and hold for 30 years. Individuals cannot usually wait that long. 30% of their holding will lose, 30% will regain some salability,30% will rise well, and some will be big winners. Big cash can do this, so they can't lose big, as long as they don't get too picky. Most new stocks are losers eventually in any sector. If you can hold wide you can pick a winner. Would you have known that Microsoft was the biggie in 1978? Well maybe. But it is easy to be negative. Far too smart [to be negative], or many of us would be millionaires. My read is people who post are not millionaire. Most of the $$boys talk little, don't own or operate their own computers, and do not seek a public presence, or the notorious kind at any rate. No, I am not rich. I should be, as close as I have been as many times as I have been close. But ... for crooks ... shysters ... and bad luck ... EC<:-}