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To: Rif Kamil, M.D who wrote (64668)	9/10/1998 11:07:00 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

<<Now is not the time. >> i disagree. one should time their purchases in increments at different prices in this market

To: Rif Kamil, M.D who wrote (64668)	9/10/1998 12:20:00 PM
From: mrknowitall	Respond to of 176387

Dr. Kamil, I suggest that "waiting" for the market to bottom as an investment strategy would take a crystal ball of significant accuracy. I contend buying stocks over time, at any level below their potential is a good investment. For example: You buy 10 shares at 50 this week; You buy 10 more shares at 52 the next week; You buy 10 shares at 48 the following week; Your net result is 30 shares at 50 (approximately) - and at the end of the year, those 30 shares are each worth, say, 75. This may seem too elementary, but if you spread your investment over time in a growth stock, the "dips" and corrections of the market are not only smoothed out, but your investment is essentially immune to the ravages of the lemmings and their overreactions to the news of the moment. You also have the tax advantage in the future of being able to sell selectively - i.e., holding onto and then selling some of your portfolio past the long-term capital gains expiration. Then again, if you get wrapped up into day trading, that all goes out the window. JMHO. Mr. K.