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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (6598)	9/1/1998 12:49:00 PM
From: Kory	Read Replies (2) \| Respond to of 8002

I guess we are arguing semantics again. As I said, everything in the world has risk associated with it. It is risky to drive a car, but I would not necessarily say that I am "gambling" my life everytime I drive because the risk is statistically small and my safe driving will most likely allow me to avoid death. My definition of gambling is a high risk transaction taken in a very short time frame with very little or no control over the outcome. Maybe your use of the word is different than mine. Day trading and option trading fit this profile in my book. Management of the companies have no way to control what will happen to their stock today. They have a limited ability to control the price on a quarter to quarter basis. They DO, however, exercise significant control over how Gateway will do over the next 20 years. You also love pointing to Zenith as an example where long term investing did not pay off. Fine, but for every Zenith, there are hundreds of Coca-Cola's, GE's, and other companies that have weathered the decades just fine. Contrast that to day trading where every day is a gamble. It is essentially a zero-sum game, and the outcomes are determined by the most minute news. But for your benefit and the sake of ending this argument, I will agree to start calling my investments "gambles". But I only play with a stacked deck. ;-) Kory