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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (16738)	12/15/2002 1:25:54 PM
From: GraceZ	Respond to of 57110

Oh come off your high horse, Gracie (vbg) Actually it was a serious statement. I tell people what to buy and sell every single day. But this is significantly different from announcing you are buying or selling something in public where you don't know who it is that is reading. Specifically because when I make a recommendation to someone in private, I usually have a pretty good idea what their financial situation is and what their objectives are. A lot of the stocks I would buy are not appropriate for most investors and they aren't appropriate for most traders. I hate the idea that someone might lose money by naively following some buy I made. The way I invest, by design, winds up with numerous picks being wrong. I can be wrong frequently and still make a pile simply because the ones that are right return such high returns that they carry the whole thing. This approach only works if you hold the winners long enough to get the entire return. While I know a great many people who have no trouble holding something that is down 20-30% they usually can't continue to hold something with a greater than 100% gain.