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Alias Born 12/21/2002

Re: nimbus post# 6568

Monday, 12/23/2002 3:25:43 PM

Monday, December 23, 2002 3:25:43 PM

Post# of 48401
Well, using buy and hold (I haven't used AIM except in tests yet, I plan on starting on January first with Split Safe), I'm up 7%-9% this year, so market hasn't been that bad. I made $7000 in one day on IBM when the 'Investment Idiots' sold off IBM because a DIFFERENT company reported slow sales. Watch for those irrational dips and you can make quite a bit awfully quickly.

I think a lot of people lose money simply by buying too high or buying companies that are a bit too risky. We're in a bear market, a huge one, and you need to think of it that way and accumulate shares in companies that are strong companies when the bull arrives.

Remember, you haven't lost a penny until you sell. :)

- Takr

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