To: re: MAX who wrote (1804 ) 3/3/1999 6:01:00 PM From: learnstocks Read Replies (1) | Respond to of 8189
Max, Re your #1804, please educate me because I do not understand the philosophy of "get in and get out quickly", otherwise known as GIGOQ. A GIGOQ investor, let's say, made a five-fold increase from Monday ($1.50 divided by let's say 0.30) to whenever it went to a buck and a half. Annualized what is a five-fold (or five banger) increase in a week (or even two weeks)? Now, let's get down to a matter of philosophy of moving from stock to stock. On this stock, MRPS, in one or two weeks, you made a five-fold increase in your original investment. In real estate,(and please remember that I was full-time in real estate and was first licensed in 1965), how long do your clients normally take to make a five-fold increase on their original investments? Mine NEVER and I repeat never made a five-fold increase in one or two weeks. As a matter of fact, I had only one who made anything close to a five-fold increase in their real estate investment in ten years. Having said this, how many times are you able to pick stock winners like this one? That is, a five-fold increase in one to two weeks? I, Max, just am not that good at stock picking. And.........................I HATE to pay short-term capital gains to the titular head of the IRS, Mr. Slick Willy. Now, being a very dumb old Southern farm boy, I was told that if you go to Las Vegas and win, you take some money off the table (so to speak). That is, I was told, take your original investment "off the table" and put it in your pocket or give it to your significant other with specific instructions. Those instructions would be to, "No matter how much I bet or whine, don't give me any of the money I gave to you for safe-keeping back to me under any circumstances." To be continued, Max, my ex-flying buddy who said to himself, " Why am I up here?" Vic