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Re: greedy__malone post# 49987

Wednesday, 09/03/2008 1:36:43 PM

Wednesday, September 03, 2008 1:36:43 PM

Post# of 221875
Yeah greedy, stick to investing only in blue chip stocks based on fundamentals and hold them long term. Just think how much you would have made if you bought GM 60 years ago and held on to it until today LOL. What a waste of a lifetime that would have been.

Face it, since computers and online trading at $7 a trade, it's a swing trader’s paradise and you can throw all that "old school" pre-computer days investment advice out the window as it is seriously dated and no longer applies. The days of buying companies based only on their strong fundamentals and holding on to them are a thing of the past. People can and do make serious money buying decent or crap companies and flipping them a few hours or days later. No, I didn't say it was "investing". It's called trading, and the best way to make money in this crooked stock market.

My opinions of course.
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