BoatBanter.com - View Single Post

bpuharic

On Mon, 12 Apr 2010 21:15:46 -0400, wrote:

On Mon, 12 Apr 2010 19:40:26 -0400, Wayne.B
wrote:

There is an
old saying that you should never hang on to a falling stock because
you can always buy it back when it recovers. Simple advice,
sometimes hard to follow, but there is some rationale to it.

Yup. Buy and hold is a sucker bet in a volatile market like we have
had for the last 20 years. Take the tax hit and trade into these
roller coaster rides.
Back when Martha Stewart was having her problems I almost tripled my
money by selling the 12s and buying the 9s. It cycled 3 or 4 times
that way. These days with online market orders that sort of thing is
easy to do.
I don't really play with that much money but my stock dabbling bought
me a swimming pool, my outboard and a room addition since Y2K.

i love it

100,000,000 americans got suckered by wall street's free market lies

and the right says it's the fault of the middle class

the right really does hate the middle class