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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: y2kate who wrote (17569)	12/9/2023 4:26:06 PM
From: Elroy	Read Replies (2) \| Respond to of 26856

If you are actively managing positions, selling at tops and dip buying, you can still capture a lot of a long term trend, but that's not as easy as it looks. Due to tax obligations on any profits it's probably next to impossible to trade in and out of a multi-bagger and do better than buy and hold. It is theoretically possible to pay taxes on each profitable trade, and then buy back in below your sale and resulting tax obligation, but unlikely.

To: y2kate who wrote (17569)	12/9/2023 9:08:47 PM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Respond to of 26856

Thanks. I can still remember the conversation with a fellow IC design engineer, Eugene, that helped me understand that etch would be a very high growth area for IC fabrication in an industry that was going to explode... then match it with a company near the bottom of a downturn buying a small company I owned that had the CEO who left AMAT when he didn't get Morgan's job when he retired... and I put a month's pay into it... LRCX, what a great pick that would have been in 1998!! I still have one third of my original shares if you count the few shares I've managed to add to my IRAs trading the volatility. It is pretty cool to get a dividend per share today over 2x what I paid for each share! You know, if you search for my posts about LRCX back in 1998 and 1999, you'll see a few of the major posters at the time really didn't like the stock so stick to your SMCI guns if you find reasons to own like I did with LRCX. Oh, I believe Lam was one of the first major companies to have its exceptional, female CFO speak and get credit during conference calls I listened to. It was really ahead of its time... Get a free sample here: Kirk Lindstrom's Investment Letter