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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (34684)	12/1/1998 10:46:00 PM
From: Step1	Respond to of 94695

OT result of an investment challenge on Globe and Mail is the market overvalued? Nice read... >>> Invest for the long term, say financial experts. Be patient, they say, and don't try to time the market. Then you hear about Annabelle Tung. The 28-year-old from Vancouver turned $500,000 in play money into a $5-million portfolio in the space of six weeks. The speculative feat that won her $30,000 in real money through a contest sponsored by Quicken.ca and E*TRADE Canada -- the game can be found at quicken.ca Ms. Tung's 900-per-cent gain came from flipping technology and internet stocks listed on the Nasdaq Stock Market -- the exchange was up 29 per cent during the same period. There was no research or insight here, just hyper-aggressive day trading, based on the market's momentum. And what did Ms. Tung learn from the experience? She said: "The game really built my confidence. It was such a good result, I think I'll trust my instincts from now on in real life." Be afraid. <<