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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (15331)	7/25/1998 11:56:00 AM
From: Dennis	Read Replies (3) \| Respond to of 77400

triple bagger at least, am I wrong or did csco hold up extremely well this past week?? Sure looks like a buying opp with little downside.

To: RetiredNow who wrote (15331)	7/26/1998 2:31:00 PM
From: George L. Smith	Read Replies (1) \| Respond to of 77400

You are right of course, but my position is that every stock has volatility. I can play the stocks volatility and still be in a good position. The difference in the way I play a stock is that I will not make as much as the buy and hold guys if the stock is not volatile, but if it is then I will do better. If it swings 10% on some regular basis, then I make more money. If it just keeps going up, then I don't make as much. If it keeps going down, then I lose less, because I'm buying back in on an average down basis. With brokerage commissions as low as they are today with internet trading, the trader can do better than he could when commissions were allot higher. I guess the point is that in a sideways market that goes up and down as this one is right now, I should make more money than the buy and hold strategists. I just missed on the downside of CSCO this past week. I may still hit early next week, if the downside continues another day or two. I could buy back in Monday morning at market and still be ahead of buy and hold positions. In either case, I still hold a core holding. If that core falls below my asset allocation rules, then I can increase the holdings or forget a particular sale. It's just something to keep me busy :-)