To: DlphcOracl who wrote (42072 ) 5/27/1999 12:53:00 AM From: Jenna Read Replies (3) | Respond to of 120523
DlphcOrcl..its a great philosophy and looking at your profile, I can't see that doing anything else would make any sense. This is "all" I do.. my day job and quite probably my night job. It's not for everyone of course. We are first and foremost a 'short term traders' service.. just like there are investment newsletters for the long term investor, there are 'services that cater to the new 'electronic day/ or swing trader'. As long as we are honest, do not run any stock scams, and provide a good service at a reasonable rate, we cater to a particular niche of the investment world. That niche is growing quite rapidly, and occasionally I do speak of longer term investments (i.e. the earnings plays). Unless you are perfectly sure that the internet stocks or 'momentum' stocks are perfect (your very own word: momentum, implies 'brevity', a brief interval of time, which is the antithesis of the rest of the philosophy). So either your stocks are 'running out of momentum' or you are churning them properly, either way 'momentum' doesn't last a whole year. And there is no 'perfect bunch of stocks to hold for a year'.. I would not hold any stock neither MRK or PFE without the occasional churn. Why would I want MRK, if I can hold ADRX, IMNX or OCLI for a month and make double or more? Why would I keep a loser like CPQ if I could have a winner like LXK? If I hadn't left the technology sector late last year and entered the telecommunications/internet sector, I would never have realized the gains of those sectors, but instead be holding on to CPQ,WLA,INTC, and that group which did not make the gains of the former. I think that times have changed however and no stock or sector is immune to a pretty large correction. I don't plan to hold my portfolio through those corrections if I have a choice.