To: Byron Xiao who wrote (7948 ) 3/1/1998 1:04:00 PM From: uu Respond to
Dear Byron:Look, I am not a "trader" like you. preservation of long term gain is called these days? Also I did not know that if someone sells most of his stocks which he has held between 4 and 10 years is also called being a trader ! Thank you for educating me as what the new definition of trader is called these days. If so then I admit, yes I admit to the sin! I indeed am guilty as charged and indeed am a trader! I have a 9-5 engineering job and only check the market engineering has also been changed to something else the same way the word trader has changed!One of my former co-worker in San Diego did win the CA lottery I am still a poor slob and drives a 1986 Toyota Tercel. poverty line . Also with regard to your car, did you know that your 1986 Toyota Tercel has lost only 40% of its initial value as compare to lets say Ford, Chevrolet, or for that matter most other cars which have lost over 85-90% of their initial value! The only time you see me selling DELL is when I want to purchase a house or a better car. I just want to know what better investment strategy you have than putting money in DELL? Do you care to share with me? "in my humble opinion only" , there is going to be a massive sell off of stocks (and especially in the high techs and companies such as SUNW, INTC, MSFT, IBM, HWP, and perhaps even your DELL, and others), I will gladly take the shares of those companies given away by the paranoid investors (most of whom are heavily margined) and then leave the shares I took from them alone for at least another 3-4 years!irrational after all!trader !
