Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Long term buy and hold suffering -- Ignore unavailable to you. Want to Upgrade?

To: Hawk who wrote (12)	9/9/2002 10:25:02 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 63

Hawk, If you study the real history of the stock market and give up on silly posturings like Siegal's "Stocks for the Long Run", what you will find is that about 98% of all IPOs eventually lose money for the patzer. The IPO is an exit strategy for the smart money. If you don't play the game the same way as the smart money you are guaranteed to be a loser. And today the stock market is operated strictly as a casino with odds so bad that Las Vegas would be embarrassed to offer such a game. Have you read PIMCO's Bill Gross in his September newsletter? It would be worth your while, IMHO. All the best, Ray