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To: tech who wrote (4117)1/21/1998 2:44:00 PM
From: Jeffrey S. Mitchell  Respond to of 10786
 
Few people hold onto their stocks forever, which means, by definition, everyone is a trader of some sort. The differentiation that I make that apparently you do not, is that I look at the company first, the stock second.

If you buy shares in a quality company, like ALYD, then even when the stock price is depressed, you still feel confident in your choice. I call that investing, regardless of whether I decide to trade the stock the next day or the next year. AV has a long track record of picking quality companies. That's what gives him the confidence to average down, a technique that's a no-no in most textbooks. He doesn't need to resort to hype to get a thinly-traded company's shares to go up, nor bash it to get it down to a reasonable buy-in price.

Like I always say, for many people here on SI, the definition of an investment is a day trade gone bad. So, why not just play it safe and stick with quality companies with real contracts and real earnings?