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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (9575)	2/7/1999 9:29:00 PM
From: Kirk ©	Read Replies (2) \| Respond to of 122087

"Seems I was able to pick 5 stocks for the contest back in Sept and then go golf or whatever without having to do a lot of trading or paying the tax man. " Hmm, did you make any picks in July? Are they doing as well? no. I was selling in July as we were at record levels and I was taking profits to reduce my asset allocation. Are you glad the Fed cooperated? Without those interest rate cuts, would you have done so well? yes, indeed. Did you and Anthony, as traders, profit as well? IF stocks didn't move in either direction, no one makes profits unless you are selling options on your shares that expire worthless. Do you suppose it's possible the days of easy money in Buy the dip and hold may be coming to a close, or do you see them going on ad infinitum? I invest one cycle at a time as my crystal ball broke. I do think we are dipping once again and will go to new highs. My personal portfolio went up 20% in 1994 when the market was flat so it is possible to make money with good stock selection. Go to my site at Suite101.com or BOWG if you want to ask more about this. suite101.com My profits aren't mine until I close the trade. I never worry about the IRS's bite. BTW, those unrealized profits you have aren't quite ready for preferential capital gains treatment yet. True, but they are there and I wanted some benchmarks to compare against. I suppose you don't have good numbers or you would have posted them. Maybe some profitable traders here can give me an idea of what is possible. Barb Barb, you forgot to answer my question: What is your overall portfolio return? My point was it is easy to make money in a market that is going up and I showed that one could do quit well. I want a reference frame to see how some traders are doing to see if I should consider the activity.