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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (9544)	11/12/1998 2:43:00 PM
From: Dennis J.	Read Replies (1) \| Respond to of 34811

Jan/Judy. An interesting discussion you are having. Hope my 2c are welcome. 1) I view a hold as a buy. Why? You commit funds to a position on a daily basis, at least mentally. Consider todays price as your cost basis, since you could have sold, but didn't. 2) As the stock (DELL) moves lower, more info becomes public, and your mood about owning it may change. P&F waits for a sell signal, which sometimes can cost you dearly. 3) If the general market is correcting, which is why your stock is weakening, better buys may materialize, and you may now be "locked-in" at a lower price. I the spirit of "jack-be-nimble", even TD buys on a P&F signal, then sells half at a target to lock-in profits. A broker from my early years once told me: "Dennis. Most investors should be out of the market most of the time." Not good advice for simple buy and hold strategies, but maybe for traders. Judy. Is your view of AMAT primarily technical? I see you are positioning in LEAPS, implying a willingness to ride through some near-term corrections? Regards to both of you! Judy, sorry you cannot make it to LV (I think you said that, didn't you?). Aging is tough, isn't it. Short-term memory lapses. Tennis muscles stay sore a few extra days, etc. Dennis