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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (3070)	10/26/1997 4:25:00 PM
From: nycnpbbkr	Read Replies (1) \| Respond to of 10921

Oh really than how come most market makers only trade one stock? These guys buy at the bid and sell at the offer all day and it is unusual for them to trade any more than 4 stocks, why is this? Maybe you should read some books on gambling, spreads and the house winning? <<I know people make triple digit return consistently>> That's the most silly thing I have ever heard but I keep hearing on the internet. Do your know how much money someone would have if they could consistently make triple digits? Do the math! Name me one "trader " billionaire or name me one trader that became a billionaire by trading. No one can make TRIPLE digit returns consistently. No one from Wall Street gurus all the way down to CNBC high school challenge.(my high school was in first a couple of weeks ago now I can't find them on the list) can consistently beat the market. I always remember what an 85 year old wise broker on Wallstreet street told me when I first got in the business, "Ken, the only thing I know about TA is when I buy a stock it goes down and when I sell it it goes up, so what you do is buy a good company and don't sell it till its fundemental change". In 1985 he use to tell me about the crash, of 29 that was. PS There is 500 billionaires in the world and I'm sure everyone wants to tell me that Sorros trades just like they do. Even if that is so I will name 499 billionaire that the word "investor" comes before their name. ie..investor Warren Buffett

To: Nancy who wrote (3070)	10/26/1997 5:05:00 PM
From: nycnpbbkr	Respond to of 10921

Nancy let me prove my point. You think trading will give you triple digit returns. I say investing will give you the only consistent return. I happen to come across one of your posts where you were trading my favorite stock, you said this while you lost money on a great company <<CYMI - yep, very costly lesson to learn one more time, never buy dog again, nor try to catch a falling knife. May be I will average down when it hit 20 or 15. would have done better buying monster DELL. :(>> Years from now it could seem like an impossiblity to lose money on Cymer but you and most traders did. If only you owned it for a year you would have (still to this day) been up around 500% down from 900% there is your triple digits.