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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (3464)	8/16/1998 4:33:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Berney; RE:" buyin' and sellin' " >Steve, I very, very respectfully disagree ! So, when would you sell WMT, Berney ? >I believe the buying decision is much more important than the selling decision. If you Buy Right, you will make money! You don't make any money until you sell something. I'm not saying that "buying some thing at some time is unimportant". What I'm saying is that selling skills are what separate the great traders from the merely good. I believe that the selling decision is much more elegant than the buying decision. Consider this: when you buy some thing, you are selling something else - either some stock, if you are always invested, or - selling some (cash) time deposit for an equity. Is not "buying something" really a decision to sell cash ? So, we could argue that buying equity (capital gains) is really selling time deposits (interest income). I'm sure we could argue this until the cows come home! (^_^) More interesting is your interpretation of your T/A indicators, Berney. You say that (BAMBI) is telling us that everything is going down. What did the T/A indicators say, Berney, on 03-APR and on 17-JULY ? That everything was going up ? Those were tops, when it would have been ideal to sell equities and buy time deposits. Perhaps the stumbling block is this idea of buy-and-hold; ie., classical investing. If one does that, one never sells (equities) - you are always a (cash) time deposit seller. So, when do you sell cash: random-periodic (averaging) ? when T/A says stocks are getting more expensive (nearing tops) ? when T/A says stocks are getting cheaper (nearing bottoms) ? Your indicators are saying, "things are getting cheaper", which, I submit, is why your instinct is telling you to begin picking up strong F/A blue chips when everyone else is dumping them. You're more aggressive than me right now - my accumulation levels put about $3K average total per stock into about 25 blue chip stocks! I'm willing to sit on them for awhile: When the BAMBI and the T/A lines start indicating growth -- then we'll LEAP 'em. >...my "accountant's" mentality... Trust your instincts, Berney; if there is one thing you know well, it is value. And BTW, thank you for expanding my world beyond the TechStocks universe. -Steve