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

To: Sig who wrote (11715)	11/6/2003 10:46:08 PM
From: Sig	Respond to of 13815

Dollar is back up to 110 yen, which I consider a plus.

To: Sig who wrote (11715)	11/7/2003 10:03:03 AM
From: im a survivor	Read Replies (1) \| Respond to of 13815

<<<<< "This is a new rapid-fire kind of environment that just stymies average investors. Old dogmas like buy and hold just dont work" J.W Paulson << >> LOL....When everything was sky hi, everybody said buy...even all the way down...we finally hit bottom and they switch to sell...now they say buy and hold does not work.....well, maybe as of right now, buy and hold may no longer be good, but I am certain that the buiy and holders made out better this year then the traders. Market is up..if you bought and held the lows, you are sitting on as good a profits as you can get. If you were trading...buying the dips and selling the pops, you more then likely did not nail exact buy and sell points, have taxes to pay on gains, and there is just no way a trader could have done as weell as if they had just bought and held.....will that change NOW? Maybe, I have no idea, but since the lows were hit, the folks that have made out the best were those that bought quality low, and simply held and ignored the dips. Buy and hold may very well be a thing of the past, but first history has to prove that to be true. These houses/analysts/brokers want churn...lots of buying and selling so they can garner profits they wouldnt get from buy and holds...and with the crash and unpredictability of things, brokers are having no problem convincing people to NOT buy and hold and instead buy, sell for quick profit and buy something esle and repeat.........What will 2004 bring for us? An UP year? A DOWN year or a year where the only ones making money are the traders?