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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (7216)9/15/1998 12:36:00 PM
From: Frank Sheridan  Read Replies (3) | Respond to of 16960
 
RE: Perhaps we should sell now and buy it (TDFX) back six months from now.

This is known as "Market timing". Every time I have tried it in the past I have been burned and badly so. If I sell my TDFX now what do you want to bet it will jump up to $20 a share. Then, if you want to buy back in, that will be just before it takes a %30 tumble. I have had no luck whatsoever trying this strategy. Since I still believe in this company I guess I have no choice but to stay long and hope that someday I might be able to get my money back.

Regards.



To: Sun Tzu who wrote (7216)9/15/1998 9:17:00 PM
From: Chip Anderson  Read Replies (1) | Respond to of 16960
 
Are you seriously asking why market timing is a bad strategy?

Chip