Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (18329)	3/11/1998 11:44:00 PM
From: Captain Jack	Respond to of 27012

Sonny--- I heard the Internet issues took a hit today. I admire investors that feel strongly enough to watch profits go away with the belief they will return. You must have ten times the patience of me. I always trade out and back in as it starts to rise. A friend watched an issue fall 3 - 7 points 4 times with a smile--- I bought and sold 4 times with an avg 3.75 gain each time. We both bought and closed in the same area and he was happy with a 9.875 gain in 16 months. I felt happier bailing and reentering even though all my trades were short term tax bites more than enough was made to offset. I also had $$$ tied up a shorter amount of time and no cares if/when it would rise again. Had I held like him I would have been angry several times and he was not bothered in the least. I bailed ORCL at a loss at year end. The loss was only a few K and offset some of my tax bite along with freeing cash. Sure cannot win them all and that one worked out better than I had hoped. jr