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To: tcmay who wrote (173254)3/4/2003 11:47:30 PM
From: carl a. mehr  Read Replies (1) | Respond to of 186894
 
Any truth in the rumor that you are talking to Andy about getting back in the fold?

Your stock profits in Intel are evaporating. You are an x-Inteller and in the same boat as all of us. Andy is screwing you over by diluting your stocks...humble carl



To: tcmay who wrote (173254)3/4/2003 11:51:26 PM
From: vegetarian  Respond to of 186894
 
>>Buying for the long term has served _me_ very well...<<

Buying for long term may be OK, however the original comments about buying and holding- the way it gets propagated-are still valid. Even Ben Graham prophesied buying when undervalued and selling when the valuation was excessive using the guiding criteria he described in his books. However, most individuals have problem valuing securities, yet they insist on buying individual stocks and then often don't know when to sell so are left holding which seems to work for wall street and not necessarily for individuals who often see their gains vanish. Folks who do not have a good system for valuing equities are better off buying and holding index funds which they may be able to hold over a longer period without constant re-evaluation. Having done well holding a stock like INTC or MSFT over long period may indeed have worked well but a large part of that could well be attributed to the chance game where you have been on the right side. Just some thoughts.