Forum Archive Index - February 2002

["ryanrite" <ryanrite@xtra.co.nz>]

So true you hit the nail on head there
----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Wednesday, February 27, 2002 10:16 AM
Subject: [sharechat] Spot the Dog


> The composite chart attached below plots the last 120 weeks for 9 NZ
stocks.
> To my mind this provides irrefutable evidence for the following
conclusions :-
>
> (1) Buying and holding stocks that are in longterm uptrends is a
successful investment strategy.
> (2) Longterm uptrends can last for many years.
> (3) The NZ market has many stocks in this category.
> (4) These stocks have performed well historically.
> (5) They are continuing to perform well.
>
>  One of the personal characteristics required for successful longterm
investing is patience. Would you not do better patiently holding stocks that
are steadily rising, rather than those that are going nowhere? Buying static
or falling stocks in the hope that something good might happen further down
the track sounds to me like ..... speculation!
>
>                 Phaedrus.
>
>
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