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To: Chuzzlewit who wrote (89701)	1/18/1999 1:30:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

re trading vs. holding Chuz, some of your analysis may be faulty.The trader could be using the same investment dollars over and over again during the year and so getting a very very high rate of return, whereas the hold person does not have use of that money for another investment. What do you think? Freeus

To: Chuzzlewit who wrote (89701)	1/18/1999 1:31:00 PM
From: Venkie	Read Replies (1) \| Respond to of 176387

Traders....1 day u will pay the taxman..If a company<dell> starts too slow a little..The price will fall..The difference would pay the taxman..Most traders keep stocks using the buy & hold..most use margin which you pay % on..Some traders do it for a living<trading only>..You have to pay some bills..You ned cash flow..Traders like to buy at 1 price and sell very quickly...Creates cash flow..Just like any job..U will pay the taxman..Lets try this...I bot lcos..70s<i think>> avg..sold 2 days later 140.Its now in the 80s...did I make a good move or what..the difference paid the taxs..I just used the tock to create cash flo and it worked..I own several thou shs of dell<long>..last week ..I would buy in the afternoon at 77.50 ish sell the next morning at 79ish..2 k shs..$4000 dollars for a couple of hrs..created cash...do u think I mind paying the taxman..NOOOOOO....Plus I still have my long shs..going up and down..There is nothing wrong with extra cash..Look at this..Had u sold your psft at the high and bot back in the teens..The taxman would have been ok..Tlab..which luckily recovered..sold at the 90s and bot back in the low 30s wouldn't be a bafd deal..Its the market timing that scares folks...You have to have what I call the gift..If I see a good deal...Hell..I have the cash from trading....

To: Chuzzlewit who wrote (89701)	1/18/1999 1:44:00 PM
From: arthur pritchard	Read Replies (2) \| Respond to of 176387

Hi Chuzz<return on investment> At the beginning of last year, I borrowed $100,000 on visa cards, to begin trading. I borrowed, because my real estate holdings never generated any real cash, after repairs. I own 32 living units. At the end of last year, I had about $450,000 cash (at least) generated from the initial borrowing on the visa cards, after paying back the visa cards. I therefore think that trading can be an extremely profitable activity. And keep in mind, I was not any near where fully occupied by this trading. Even considering that the beta has changed considerably, I believe my returns this year will be higher. For one thing, I will be more secure with my extremely high use of margin; as you know, I deliberately create as high a margin call as schwab will let me. My timing is getting better, believe it or not. And this was my first year of trading stock. Am I a freek? (sp?) I don't think so. Are certain personaltiy types, able to trade when everyone else is running for the bombshelter? Yes, I think so. And, keep in mind, I have never even read a book on trading techniques etc. But I do have a wide background in a number of industries blah blah blah...and I have a crazy tough kind of nervous system, which I will not describe again, as I have gone into this before. You know, fighting inner city problems etc. Therefore, I try to encourage others to trade. Especially if they are older (my theory). My THOERY is that traders do not come necessarily from academic mind sets, but rather from a mind set of basically common sense, which I believe only comes from age. Greg, it seems to me, began trading very early. My own style, is more ruthless. I would say, for example, that sig, don, greg, trade with style. I would say that voltaire, myself, and probably venkie, tend to go for the kill. I'm just naming a few off the top. Now I have to go do landlord stuff, but I'll check in later.