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By Garbage I was referring to stocks so cheap they're practically worthless.
Stocks in long-term downtrends. Gold-mining stocks. Value stocks. Penny
stocks. Etc. This is the slag heap of stocks. These are the stocks that
insitutional buyers won't touch with a 10-foot pole. These are stocks that
they spam with "urgent buy" emails. If you're really lucky you will get a
cold call trying to sell you a stock like this.
Good night all,
Phil
----- Original Message -----
From: Ira Tunik <ist@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, January 10, 2000 8:29 PM
Subject: [RT] Re: The argument about top of market
> Did you find Disney or Gillette in that garbage? They was nicely wrapped
and discarded by the experts. Ira.
>
> James Taylor wrote:
>
> > I can't believe it, a voice of reason, in a sea of insanity.
> >
> > ----------------
> >
> > At 02:04 PM 1/10/00 -0800, nwinski wrote:
> > >>>>
> >
> > Gwenael Gautier wrote: Phil Lane wrote:
> >
> > > <snip> You'll never get
> > > rich prospecting in the garbage heap.
> > >
> > > rgds Phil
> >
> > > <http://www.patterntrader.com>http://www.patterntrader.com Gwen,
Phil, & RT,
> >
> > I disagree. Wayne Huzienga did very nicely prospecting in Garbage.
Many valuable artifacts and
> > treasures have been found in garbage. I think a more useful thought
for investors is, "one person's
> > garbage is another person's treasure." Buying stocks and
commodities when they are out of favor
> > ("why, I wouldn't EVER buy THAT garbage!") is a good way to make
alot of money for a relatively
> > low risk. You can chase the highly overpriced internet "jewels"
with the masses if you so desire. I will be rummaging through the "garbage".
> >
> > Rummagingly,
> >
> > Norman
> >
> > <http://www.patterntrader.com>
> >
> > So true, and still laughing...
> > :-))
> >
> > Gwenn
>
>
>
>
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