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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (40733)	6/18/2002 11:18:09 AM
From: Joe Stocks	Respond to of 53068

RON, But, I beleve Ed said the other day he plans to be 100% by the end of the year. In my mind, a position is a position. I don't find comfort in rationalizing that it's a small position. Kind of like those that say that haven't lost anything because they haven't sold yet. Try telling that to a Enron investor that is papering their den in stock certificates. The fundamentals for buying stocks should basically be the same as buying large positions IMO. That;'s why I argue against adding to losing positions. Chances are you can make a small losing position a large one by adding. When I play the game I like to stack the deck as much as I can in my favor. There are some proven principles of sucessful investing that are being ignored IMO. Joe Joe

To: Ron McKinnon who wrote (40733)	6/18/2002 11:55:14 AM
From: Nemer	Read Replies (2) \| Respond to of 53068

Everyone on the Z has an idea of how to trade the market. Some here like to "know" their money has purchased "true value" and some here like to "feel" their way and some here study and probe the information and some trade the "mo" ------ I have no intent to change anyone or to denigrate their method ----- if they are happy with their results, then I'm happy for them. My goal is to make money. All the "intreperative reasons" concerning stock value/pe/pte/sales/profit/adinfinitum are meaningless to ME. I don't worry if accounting is fudged, or sales are pipeline loaded at quarter end, or the insiders are selling, or the analysts are pumping, or any of that stuff over which I have NO CONTROL. The TA readings I get don't lie. I'm here just to increase my small pile of accumulated assets, and I've been using the market to do just that for forty plus years. TA is my only way. I'll let you youngsters fuss about all the fundamentals and attempt to read between the lines..... I'll just follow the lines of the chart. there --- that is my story and I'm sticking to it.