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To: Brian P. who wrote (43599)	4/30/1999 3:43:00 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

Brian P - you raise the single most important point in Trading vs. B&H << why would anyone want to sell these stocks now, only to buy back after a mere 10% average retracement--even if you could time that perfectly, which no one can? I don't understand these persistent take-your-profit-now arguments from some here. Seems like amateurish, wrong-headed, ill-timed investment advice--really classic investment mistakes. If there was ever a time in the oil patch to buy and hold, and buy more on 10% dips, now is it.>> Brian P -- I am not criticizing your comments or your assumption; they just need to be expanded and enlightened imho. First; lets be honest here Brian; for you to ''decide'' when to ''time'' your entry on these ''10%'' dips to buy - requires no more, or no less of a trading, or timing mentality that what ''traders'' are using when they sell, or buy. We ALL make a trading call AND a market timing call - EVERY SINGLE TIME - on every single buy, or sell we make - period. So lets shed this ''hypothetical'' cloak of not being a trader, or a market timer when you make buy & hold decisions... we are all in the same boat - it is ONLY a question of ''turnover'' that we differ... Now; another very important perspective is your ''10% comment'' Brian - many of us have been here a while - we were the ones who others were calling Blind Bulls - irrationally exhuberant etc. back in August & September ( just ask Michael Happel vbg). We are in many cases; not taking mere 10% profits - but sometimes locking in 50% to 100% gains here ! We also are NOT just doing this for the first time ! Don't you think someone who has perhaps ''scalped'' the middle 1/2, or 2/3rds of these 4-5-6- prior moves since just last August - has a not only a stronger motivation, but a larger reward by selling into this strength ? The one thing that has been a better indicator than GaryB's E-Wave analysis has been the ''Euphoria Meter'' on this thread . Selling into the euphoria and buying when others are throwing in the towel and when this thread dwindles down to just a few posts per day is the real ''contrarian '' indicator to follow. Would anyone be criticizing someone for locking in a ''double'' on Yahoo - or AOL ? Obviously not; what we quite obviously have here, is a not uncommon little ego contest on who can be the Biggest Bull - well - my theory has allways been - I'll let these newbie Bulls get all hot & bothered and beat each others brains out to be the first one to run up the hill to ''mount'' the lastest hot stock cow ! - me; I'll just slowly walk up that hill and ''do them all'' .... This is NOT a 10% story Brian; we just had the largest and fastest rise in OSX history - someone dare write the serious challenge to EVER taking profits off of ANY - ''fastest- largest gain in history'' in any stock, or sector ! Not taking profits under such circumstances, Brian is what I think is amateuristic, ill-timed, wrong-headed, classic mistakes (VBG) ! - lets get in the real world here people ! We should be congratulating each other here for locking in record setting gains - NOT flamming those who said - ''show me the money'' and now have it in their pockets ! Brian, I have to respectfully totally disagree with you - '' if there was ever a time to buy and hold'' it was in September not in May....the easy money has been made; the ''noveau'' crowd is going to have to get it the old fashioned way - earn it & take it. good luck and SHOW ME THE MONEY $ !!!!!!! Bull, come out, come out where ever you are (VBG) !