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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (5221)	3/30/1999 5:43:00 PM
From: Craig A	Read Replies (1) \| Respond to of 17183

IB listening. Got into TC2000which is probably child's play for you but I gotta start somewhere. We share the AOL euphoria. No trading for me. Your comments are refreshing in that the constant cheerleading needs, in my opinion, a step up to some exchange on how this whole thing works. This is work. A couple hours a day for me is the limit. Funny. It was a big step when I went to an On-line investor service and in the same breath dumped all my mutual funds. Looking forward to your comments on how that limited time can be more productive. Hope, as I learn some technicals, I also can contribute to the healthy discussion. Can't wait to get back into EMC soon, I think, maybe, hmmm... when Peace, Craig

To: dennis michael patterson who wrote (5221)	3/30/1999 7:09:00 PM
From: BI*RI	Read Replies (1) \| Respond to of 17183

Regarding <buy and hold> versus trading, I was not trying to debate one against the other, either. I can see the merits of both. But since I have 8% in a Roth and the remaining 92% in a taxable account and I'm in a high bracket, I'm stuck in a buy and hold strategy. I'd have to do 35% better trading, than buying and holding in order just to break even. I'm in stocks that are very tradeable; EMC, TLAB, DELL, etc., but starting out with a huge cut on all profits to Uncle Sam, I just might as well as buy good companies and let the profits accumulate. That's why I care mostly about fundamentals. I follow MDA and PnF threads for guidance for establishing my long term positions. But once they are established, I don't sit back, I research continuously regarding fundamentals. All the periodicals, newsletters, etc. to which I subscribe focus on fundies. For me to become an expert in say PnF or Metastock isn't worth it given the limited buying and selling I choose to do. This is also why whether or not today is a reversal day, or whether it keeps going down, we will not "all learn something". Just as when the next earnings report come out we will not all learn something. For while I will study them, you will be relatively uninterested. And it's not fair to assume that I will have "nothing to say". Just that you will have little interest in what I have to say. It might be "rat-a-tat" to you, which is what started this whole discussion. Nothing wrong with either approach, just interesting how we can have equal interest and investment in a stock at a given point, but totally different interest and knowledge about the actual company and it's business.