To: Larry S. who wrote (17658 ) 12/5/1998 9:21:00 AM From: Ron McKinnon Read Replies (1) | Respond to of 53068
Larry >> metamorphosis # 34 if this is only #34 than Jack is a dull boy ggg >> why i am F**king around the trash the only house in my area that cost over $5,000,000 is owned by the guy who used to run the local dump; then sold out to Ogden Martin for a trash to energy plant the fact is that you waddled in trash for a short time and did very well; the latest "burn" only took back a small % of what you made look at the % gain in your >>>LU, INTC, MSFT, GE, BMY, CSCO, JNJ, USW>>> from say 2 weeks ago and compare the % you would have made on them as a hold vs the return you got on the trash lets say you bought an equal $ weighed amount of each of your "flying" 8 stocks here are the returns 1 year 59% 6 months 32% 1 month 11% 10 days 3% 5 days 1% how does it compare? a one year return of 59% is extra ordinary but 1-3-11% over the recent past sucks the key to the market is now. as it has always been: F/A, what to buy T/A, when to buy none of us are smart enough to get it all right all the time I continue to be convinced that one should break their portfolio into a number of segments; with different risk and time parameters and trade accordingly you know I do a lot of trades that are measured in seconds; but my son still has his INTC from a split adjusted $15.96 from 1/22/95 and I mentioned the tale of the person I was working with who put the $1000 in PFE in 1952 that is now the 16,000 shares (at $112.50 close) sitting in the safe deposit box (ps, $1000 to $1,800,000 over 46 years is "only" a 17% or so compounded annual growth rate) we simply need to stay flexible and not put every dime into a single concept or time frame sounds good, now, can we do it ggggggg