[ale] OT: Stock Traders?
x3 at ChangingLINKS.com
Sun Apr 27 00:04:57 EDT 2003
Yes. It makes sense to me. We often hear people saying "buy and hold" - but I
bet most of those people are pump and dump. :)
It never seemed logical for someone to hold a stock while the price dips from
$100 to $50 on faith that the price will bounce back. Methinks one should
sell at $75 and buy it after the stock rebounds.
Some "gurus" say that you can't time the market. That's fine. I don't have 1
share of everything on the market. However, I can watch the individual prices
of the stocks I own and make logical decisions based on that information.
I read this quote somewherez:
"People that claim the buy and hold through a market downturn, are simply
telling you that they don't know when to get out."
On Saturday 26 April 2003 04:24 am, Christopher Bergeron wrote:
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> I figured I'd add my .02 cents (pun intended) on this one - Apparently,
> there's a good new book that was just published by Ben Stein (Ferris
> Bueler? Anyone?) about timing the markets. Specifically, the premise
> of the book is that you CAN time the markets (I think that's the title
> of the book too) and out-yield normal returns. He goes into detail
> about buying low and selling high (but doing so long term), and that the
> yields of "timing" the market long-term are significantly higher overall
> than a buy-and-hold strategy.
> Best regards,
> - -CB
> F. Grant Robertson wrote:
> |Either he was an amazing gambler, or a really lousy broker. Either way,
> most of us mere mortals will do much better int he market than "playing
> the ponies".
> |-----Original Message-----
> |From: ale-admin at ale.org [mailto:ale-admin at ale.org]On Behalf Of
> |tfreeman at intel.digichem.net
> |Sent: Thursday, April 24, 2003 5:00 PM
> |To: 'ale at ale.org'
> |Subject: RE: [ale] OT: Stock Traders?
> |On Thu, 24 Apr 2003, Kilroy, Chris wrote:
> |>long term investing in the stock market is a lot better than gambling,
> |>unless you are looking for short term returns, but even still it is
> |>still better odds :)
> |Some years ago, I had a friend/associate who might well disagree with you.
> |She had a boy friend who played the ponies for a very good living claiming
> |a strong resemblence to the NYC, where he had been a broker. The ponies
> |payed better, and more consistantly in his experience.
> |IMHO, the only investment stategy which is fairly rational and not
> |gambling is a very diversified buy and hold, probably split evenly between
> |cash instruments and stock. Wish I had the nerve/ambition to back that
> |opinion up with _facts_. 8-(
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