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Strategies & Market Trends : CYTC - How High Can It Go! -- Ignore unavailable to you. Want to Upgrade?

To: Weekapaug who wrote (70)	1/8/1998 12:48:00 PM
From: James Perry	Read Replies (2) \| Respond to of 185

Our outlooks differ. I retired 7 years ago and I wouldn't touch margin with a long stick. My portfolio is now seven times the size it had at retirement, but I have only drawn out three vehicles, some vacations and some tax payments (I contribute my IRA withdrawals to IRS), letting the rest of it grow. I own few "big" stocks and I figure about 20% of it is in "conservative" investments. I will not buy a stock that doesn't look well run and solid (which doesn't have to mean profitable, for I own many biotechs right now) and I buy with intent to hold until the picture changes. I feel very comfortable holding those and I find they do me well. I have suffered many losses, but my gains are larger. I can't lose my entire investment. I think that you likely are wasting your money if you are not holding Cytc long term.