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To: waverider who wrote (16788)3/26/1998 11:39:00 PM
From: Shelia Jones  Respond to of 95453
 
Thank you for responding to my original post Heyward and offering confirmation.

And to NucTrader for your opposing viewpoint. It is appreciated.

To Baird for the "reverse idiot theory" I had not heard that one before, and for the graphs. I am not selling my ESV especially. A person would have to pry it from my cold, dead hands.

To mph re: pact ala OPEC - do WE have the power to move the market? And congratulations on your successful day trade.

To Diamond for "You never get the BIG money by trying to time the market, but by holding your winners and the longer you hold, the more you make."

Here are a few more for your enjoyment: Of course there are opposing ones as well. But I'm sticking to these for now.

Patience is more important than market timing.

Patience neutralizes risk.

The worse a situation becomes, the less it takes to turn it around - and the bigger the upside.

The out of favor stock of a good company will eventually come back strong.

Money is made when you buy stocks on weakness and stocks in distress - not when they are in high demand. (Except for this market?)

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people have to be playing - they always have to be doing something.

And does anyone know who made this statement:

I don't know what the seven wonders of the world are, but I do know the eight - compound interest over time.


Thanks again for your help.

Shelia