Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Scotsman who wrote (2245)	2/5/1999 5:47:00 PM
From: OldAIMGuy	Respond to of 4710

Hi Scotsman, Clan Veale and Clan Meldrum are both in my heritage and one's part of Clan Gordon. Clan Veale's motto is "Buy from the Scared and Sell to Greedy!" I know, because I coined the motto!! Hey, a double isn't anything to be unhappy about!!! Yes, it's easier said than done. With market psychology working against you in a down-turn, it's very hard to buy when everyone else is selling. The, in a flash, it comes to me! These folks are SCARED!!! I should be a nice guy and help them through their fears! I'll just buy up some of their inventory and sit on it a while! See what a nice guy I am. Then when there's a "shortage" of shares available, I'll help them out again by supplying them with a few shares - at the proper price! Not everyone has 40 years of experience to work with when investing. Mr. Phelps' book was written when he was nearly 70. He'd been in and around Wall Street since before the '29 CRASH. He's a die-hard BuyNHold. Some of his examples took as short as about a decade, but others took as much as 40 years to pay out 100:1. Still, if we throw $10,000 at a few winners, well, the results could help smooth some retirement bumps later on! Have a great weekend, Tom

To: Scotsman who wrote (2245)	2/6/1999 4:16:00 AM
From: Eye	Read Replies (1) \| Respond to of 4710

Scotsman It has been very difficult for me to hang onto my entire VTSS position for the last ~4 yrs! However, I studied their market and technology very extensively and hung on because of their accelerating earnings growth. Plus, I hate taxes with a passion! The only thing that has me thinking about selling some is to add some diversification VTSS will continue to be very volatile. I suggest you fasten your seatbelts and take some Dramamine. I expect the ride to stay bumpy. hang on