To: Chris who wrote (9632 ) 6/4/1998 11:11:00 PM From: BI*RI Read Replies (2) | Respond to of 42787
Chris, I've been lurking and enjoying your thread for quite awhile as I know little about TA, and you are discussing some stocks that I have already in my "retirement" portfolio, or am looking to purchase or add to it. Namely, DELL, PFE, CPQ, and HD. I trust you'll get around to ATI and GPS eventually <ggg>. But as much as I look at these as my long term bread and butter stocks, I have an almost equal amount of my portfolio in just two small caps: APCO and RADAF. I view these as long term winners in which I keep a core position and trading shares. For example, I recently traded 1/3 of my RADAF into APCO at 10 3/4 that got flipped back into RADAF after APCO rebounded to 12 1/4. The core position remains untouched, but I flip the trading shares between the two when the price is right. These two are like marathon horses that you can place your bets on as they move through the race, but collect a little each time they pass "go". You see, I "know" that APCO will get back to 14 and I expect 18 before too long, and likewise, if RADAF retraces to 18 or 19, I'll ante up again cuz I "know" that 21 will be there soon enough, and I expect at least 28 before the race is over. Thus, when you say you might get in RADAF, but short-term, I think that you might want to look a little deeper at the fundamental side of things, and come to the conclusion that many of us have that this is a good short term play, that will turn out to be a great long term winner. You might want to think of getting in, taking some off the table, but leaving some on, just to "ripen". I think that this is where the earlier parental discussion about having a long term portfolio got shortchanged a little on the thread. The impatience of youth makes it harder to buy and hold, while some of us older folks have found that getting to the same spot via a longer journey can be just as rewarding. I believe Judy and/or Lisa have tried to allude to this on a couple of occasions. Now, if I had only followed my own advice and not bailed completely out of ABTX a short time ago, I'd think I really know what I am talking about. Fundamentally speaking, Marc PS: Enough of this sh#$T, let's get back to some real trading! <gg>