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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: im a survivor who wrote (8753)8/15/2002 11:33:25 PM
From: pbull  Read Replies (2) | Respond to of 13815
 
My full-service guy, who I rarely use, was actually pretty good (they always are in bull markets). Started off in GE instead of following the crowd in tech, then switched to INTC in the first big tech wreck ('96). More recently they were in LLL, then FD. All pretty good runs, even during The Bear. They missed DELL (saw it as a commodity business) but they also missed ENE (didn't view energy trading as a value-added business).
His motto was to buy quality on dips, a strategy he said wouldn't go out of style, but he then gave up on the blue chips in 1997 because of valuation and has been very selective, very stock-specific since.
I miss talking with him. His last piece of advice to me, as a novice, was to learn to play LEAPs, which are a good way for someone with not much moola to make a lot of moola in volatile markets.

PB