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Re: Packstater post# 5462

Monday, 08/11/2003 2:54:03 PM

Monday, August 11, 2003 2:54:03 PM

Post# of 252315
My trading philosophy is quite simple, I buy some stocks as core positions, some as valued orphans (both of these you would call "long"), some as swing traders and some as "day traders". From time to time I will even "declare" a "Dow gambit" in motion (selecting about 6 Dow stocks), last year we had three such gambits they lasted each about a month, with total return of 40%. This year I saw no such opportunity, yet (but expect one later this year). WAVX could become a candidate swing trader, it surely is not a "valued orphan", nor a potential core position. RMBS earlier this year, was held for about two weeks and then after it more than doubled, one positions was held for longer period and additional position were traded for swing profits within the boxes. These techniques worked extremely well for me and just because a majority on this thread prefer to hold a stock through all its ups and downs, and believe that if others have different approaches they should be "ignored" is not going to change my approach to investing.

AZH

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