To: angel who wrote (1832 ) 1/1/1998 4:59:00 PM From: tech Read Replies (1) | Respond to of 3391
You can't win or lose, if you don't play the game.exchange2000.com --------------------------------------------------------------------- To: Kevin Hansen (10309 ) From: Andrew Vance Friday, Dec 12 1997 10:58AM EST Reply #10313 of 10465 Kevin- I would recommend that people take a position they feel comfortable with and not stand on the side lines. You never make or lose any money by giving opinions but never actually playing the game. I do not hesistate to step to the bar and take my chances. Nor am I concerned about publishing the transactions for all to see. A bad investment becomes a long term holding that will pay off big time down the road. Everyone sees the good and the bad in my trades and can learn or adjust their timing appropriately. Taking a stand for all to see and to learn may be of great help to some people. Poo-Poo-ing from the sidelines does not help anyone. I didn't get to where I am by standing on the sidelines. I am positioned real well for the recovery and all can see that if I waited just a little longer, my entry points could have been better. Very rarely do we get you committing to a trade so you are correct 100% of the time. I am not asking or telling anyone to invest. I am just publishing some of my major transactions for all to see. I won't Monday Morning Quarterback or be cautious. My purpose is to provide a yardstick to be judged by. You haven't seen me press anyone on the Stock Swap Fund or give it much press recently. To set up such a proposition I wanted to be 100% sure that they entry point would not adversely affect anyone's pocketbook. Since there was great fear that the Markets would correct, I have hestitated to move forward on the proposition. As we move out of this correction and start the swing upward, the timing will be correct for this. Until then, it does not see the light of day. However, I will start to do something from this point on in time. I will no longer be publishing or listing major transactions. You have convinced me of this by your comments. I will discuss stocks as a source of information but my transactions, from here on out, will no longer be discussed. I will just discuss the merits of stocks and answer questions. I grow weary of the Yin/Yang banter between us about transactions whe only one side of the equation is presented. I respect your TA abilities and have listened to some of your commentaries with great interest. However, as far as actually playing the game of stocks (investing), I am in the trenches on the line of scrimmage and you have been more of an arm chair Quarterback. It's very easy to keep clean and not get sacked when you never take the snap. My recommendation is that anyone that is invested should not be scared out of the investment. Now is not the time to sell and take the loss. None of the companies in question are going bankrupt and they will rebound. It's all a matter of timing and patience. * As a matter of fact, I just added another 3000 shares of ASYT to my portfolio at $19 (down $2 from the purchase of yesterday). If you check your records from last year, this time, ASYT was in the same price range. Well, in 1 year, ASYT hit record highs and split. Therefore, my original 1996 shares seem to be at the same price as they were last year at this time but with twice as many shares. Overall, I think it was a winning situation. At worst, only a 100% return on that investment. Andrew --------------------------------------------------------------------- Note* Mr. Vance has a portfolio in excess of One Million dollars.