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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (4642)	2/2/1999 2:24:00 AM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

limtex, that wasn't "my" scoring method, it was VectorVest's. Their concept is to rate stocks using a broad range of criteria from a comparison to bond yields through price momentum. Then they tally it up and make a simple recommendation ("hold" in this case). It has nothing to do with where they think the stock will be ten years from now but rather whether you should own it tomorrow. Were it not for income taxes and reporting requirements, I would probably own the average stock for just a few weeks. Yes, there are a few "long term holds" in my portfolio but I look at each individual holding a couple times a day and ask myself if I want to hold it for another minute. When I buy or sell I watch real-time quotes to get a feel for the price movement, carefully pick my time and my price, then execute (sounds like a sport doesn't it?) Investing is a challenging problem of balancing risk and reason. It exercises the brain and, occasionally, it becomes a "thrill ride". But like any roller coaster, after a few rides you have to get off and get your bearings. I sold some of my SNDK shares today. At the moment, I have my eye on the Ferris wheel. Craig