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  • Buy and Hold Is Alive and Well [View article]
    Finally! Someone here at Seeking Alpha has written an article about how buy and hold is NOT DEAD!

    Several times I posted comments to articles written opposing this sheeple-fied mindset that this is a traders market, with such thoughts as to why I in the world would I sell my $1.87 shares of Jaguar Mining (JAG) now $8.93, or Exide (XIDE) @ $1.91 now $6.10, or GE @ $9.57 now $13.48, or ATP Oil and Gas (ATPG) $4.21 now $9.05, or Tech Cominco shares I bought @ $4.61 now $15.83!

    And then there's those Bank of America $3.57 shares and Wells Fargo shares I picked up for under $9.00.

    The above stock purchases proves to me that Buy and Hold is most definitely not dead. Those who think otherwise are just not seeing what I'm seeing...

    ...Or, they work for CNBC whose producers love a volatile market for ratings, or their employed trading chatterheads who covet a traders volatile market.

    So often, in other stocks, I've listened to these CNBC "experts" and took profits from other stocks I own(ed), only to see the stock rocket up so fast I couldn't figure out when to get back in, as in now I only own 100 shares of A Power Genration Systems that I bought for $3.14. Those shares are up over 250%, and I still can't figure when to get back in.

    I repeat, Buy and Hold is NOT DEAD!
    May 29 16:41 pm |Rating: +2 -1 |Link to Comment
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