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To: Dale Baker who wrote (165)11/2/1997 7:27:00 AM
From: Skeeter BugRead Replies (1) | Respond to of 118717
 
dale, i tend to have an investing and trading position in a stock. the investing portion is ruled completely by fundamentals. the trading portion is ruled by what i think a stock will do shorter term.

my first 1/3 may be my core position. my 2nd 1/3 is more likely to be traded and my 3rd 1/3 even more likely to be traded. i always buy cheap stocks, imho. there is usually a pretty tight floor below them. when they drop, all else being equal, i like it. i buy more at a less expensive price.

more and more stocks are phased in now. even many itty bitty ones. you don't need to pay the ask anymore. just go 1/16 higher than the bid and your order is filled or becomes the new bid. this saves a lot.

waterhouse has a $12 fee for online trading. their service is excellent. i left so i could have access to the instinet and selectnet. i don't think i need that anymore. i may be going back to waterhouse.

you can use their phone brokers when you need to.



To: Dale Baker who wrote (165)11/2/1997 11:51:00 AM
From: David Alan CookRead Replies (1) | Respond to of 118717
 
Dale,
Have you read Al Frank's Book entitled " The Prudent Speculator "? He has a good section on Price . . Value . . and Worth. People sometimes confuse the price ( as reported daily in the papers ) of a security with its value ( based on price ratios etc ) He generally buys and hold stocks for 3 to 5 years or until the price of the stock reflects it fundamental value.

DC