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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: jim0z0 who wrote (3244)	2/22/1999 6:30:00 PM
From: MakeMoney	Read Replies (2) \| Respond to of 52051

To "JimOzO". EXTREMELY well said!! the "strategy" you "out-line" is EXACTLY what i - consistently - do year after year after year and "it" has not failed me yet. NO WAY!! in fact, "it" has worked EXTREMELY "well" (profitably) year after year after year. it is really a shame - for THEM - that more people do not "practice" what you are "preaching"!! take care, my friend.

To: jim0z0 who wrote (3244)	2/22/1999 6:52:00 PM
From: mike.com	Respond to of 52051

I'm with you Jim. The truly successful investors are the ones that bought MSFT or CSCO 8 years ago and still own them.

To: jim0z0 who wrote (3244)	2/22/1999 7:37:00 PM
From: hoffy	Read Replies (1) \| Respond to of 52051

<<<<< regarding hoffy's message 3142 that stocks in the index should be bought and sold more quickly to show better overall gains, I would take the contrary view - I believe that identifying emerging companies when they are not established is the real talent/skill here. The ability to buy a stock in the middle of a run up and subsequent run down is less meaningful in the long run to me than being able to identify emerging companies, put your two cents behind them, and stick with them as they grow. Just my .02.>>>>> That's true, It is much more difficult to make money by identifying small emerging companies before they emerge. If you are really good you might be able to make 10-15% a year. Most of the small cap money manager's have had a hard time breaking even the past few years by investing in small cap stocks. They do this for a living. What makes you think that you can beat their performance. If you want to invest long term, you are better off investing in the big companies who will perform well over time. Unless you are just in this for fun and want to have MEANINGFUL investments and don't care about making money. But most of us aren't millionaires doing this for fun. WE ARE HERE TO MAKE MONEY. If you want to play with the volatile small stocks, the only way to survive is to get in and out at the right times. But if you are satisfied with having a negative index and excited about finding a few good companies, even though a couple crashed to zero then you should keep trading the same way. But people who read these boards don't trade that way. You have to ride the waves and get off before it crashes over you. Sorry for being very candid. But it is very easy to lose alot of money if you think that you can find a bunch of small stocks that are all going to be the next Microsoft. That is a Newbie attitude. Don't get caught in it. I like the people on this board and don't want to see fellow honest investors lose money. My suggestion would be to have a core holding of 10 stocks that you feel strongly about. Then trade daily with the rest of the index. The investors would make recommendations to StockWatcher and he would have to pull the trigger on the trades for the board. The recommendations would stipulate whether it is a long term or short term stock. The members could make their own decisions during the day when they want to get in and out of the stocks that the board recommends in their own portfolio. HAPPY TRADING.

To: jim0z0 who wrote (3244)	2/22/1999 10:17:00 PM
From: Stock Watcher	Respond to of 52051

jimO; I've PM'd with Hoffy on this issue; with our type of INDEX we can't jump in and out of pennies that quickly. We are looking for keepers, and we have a nice core of them. Hoffy has a good point on the pennies; they are usually P&D and I've allowed a few to sneak in. The idea of quick 'buy/sell' worked well on ITEC & ROMT; however, it did not work out for TNRG & CTKT (and SYCD which is still on the INDEX). We may have to set a $1 minimum rule to gain entrance onto the INDEX; but, I'm not devoting my time here for hit and run; let the bandit threads do that. I want good solid companies with sound fundamentals and smart management who know how to make a profit for their shareholders. We all ready have a few on the list. Thanks for sharing your opinion; both sides are equally valid, but we are here to find the diamonds in the mud; no matter how much mud we have to dig through....regards, sw