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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: L.Gardner who wrote (9957)	3/24/1998 12:26:00 PM
From: HerbVic	Respond to of 213173

>>I've been buying and selling AAPL for 8 years now, (straight issues only, not options) and believe it or not, it's made me quite a bit of money. << I've been trying to learn how to do that. Almost day trading but with slightly longer cycles of cash & AAPL issues. At times, I've beat the buy and hold strategy, but it's easy to mis-step and get out of sync with the ebb and flow. [expensive] But I have to agree that it is a good strategy over the long term to take profits when the sun shines, or else watch as they are washed away in the following rain. As I have said once before, "Don't sit under the Apple tree, you'll only catch what falls in your lap. But, by the same token, you can't catch every AAPL that falls from the tree." Good hunting traders, HerbVic

To: L.Gardner who wrote (9957)	3/24/1998 1:45:00 PM
From: rhet0ric	Read Replies (1) \| Respond to of 213173

I've been buying and selling aapl for 8 years now, (straight issues only, not options) and believe it or not, it's made me quite a bit of money. Good to hear you've done so well. I agree with you in theory. The analysts are so clueless about AAPL, that it should be easy to outsmart them. In all honesty, though, a trading strategy wouldn't have worked for me in the last six months. I wouldn't have predicted the extent of either of the two big movements--the drop from $22 to $13 from Nov to Dec, or the rise from $13 to $27 since Jan. My average price should really be $13 or so, but my timing has been so bad that it's $19 instead. Maybe I just need more experience. You've been at it for 8 years, me for a half a year. You probably anticipated things like the tax selloff in 12/97, but I'd never heard of it before. Plus my purchases are so small that commissions take a big bite out of profits. Good to know that it's possible to trade profitably in AAPL, though. rhet0ric