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To: Lucretius who wrote (4523)	12/5/1997 11:07:00 AM
From: AltLar	Read Replies (1) \| Respond to of 95453

Message from Lucretius Taurus on Dec 5 1997 10:00AM EST Sorry to hear that Ice, I do find that many hold onto their losers in a vain hope that they will rebound (they never do) while many take profits on their winners prematurely. -Lucretius So how do you decide when to sell a declining long term holding?

To: Lucretius who wrote (4523)	12/6/1997 10:36:00 AM
From: Iceberg	Read Replies (1) \| Respond to of 95453

>many hold onto their losers in a vain hope that they will rebound Lucretius, Exactly. The entire concept of "buying and holding" is, IMHO, pure BS. Where the fuzzy "buy and hold" concept originated, I'm not quite sure, although I suspect it originated from studies supposedly showing it works on a mass scale, but not necessarily at the individual, one-on-one, rubber-meets-the-road, stock level. Every time I see a suggestion to "buy and hold", I cringe. Ice