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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: AlanH who wrote (1502)	8/15/1998 8:40:00 PM
From: lin luo	Read Replies (1) \| Respond to of 2578

----buy and hold ----- This is another misconception on the Street. If you had bought GE, KO, G a long time ago, you would have not had to trade each day. But, if you have bought many others like WDC, NOVL (I am sure this is your argument), you would. The key is to find out which one is the right one. If you buy all the assets (everything) in the world, I am sure it can only go up. That is exactly what Peter Lynch did (well, he did not buy everything, even though he wanted to), and only at this point you have advantage to use "buy and hold". I don't think he told everything about his ways to invest. Again, I still think everything is in the charts.

To: AlanH who wrote (1502)	8/15/1998 8:59:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 2578

Alan, you seem wise. Was it you also that laid out an options strategy on the Bull thread. I also liked that. I am considering closing my put positions monday. I presume there will be pressure on the market Monday with Clinton testifying and overseas probably reacting to our weak close. I may sell my puts and buy some calls near the end of the day for a one day move and bail before earnings. I am convinced that short term, the trend across the board, is down. A service I follow gave a sell signal last Tuesday. First one since last October. It will give a buy signal when the Dow resumes uptrend in conjunction with the top 5 mutual funds. Until that buy signal is triggered, all my longs will be day trades. Thanks again for your inputs. Steve d.