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Alias Born 03/24/2001

Re: NorthWesterner post# 102

Friday, 05/11/2001 8:17:37 PM

Friday, May 11, 2001 8:17:37 PM

Post# of 6054
Yes, IL, I believe in investing for the long term. In fact, I'm holding IBM and DIS at the moment and looking for others. My long term investment picks tend to be centered on things that affect my life directly such as common services I consume (utilities, for example), brands that my family recognizes and buys (Coca-Cola, Disney, and General Motors to name a few), and retail stores we patronize (Target, Wal-Mart, Best Buy, and Home Depot). From there, I study basic fundamentals and *maybe* technicals w/ respect to a daily chart to determine my entry. When the price is in the ballpark range, I typically just use a market order to get in. From there, I setup a DRIP (if it's available for my stock) and I forget about it. smile

I am very interested in the products or services of these companies, what they do, and how they're doing. I watch with glee when Disney has a hit animation feature or when GM rolls out a tough new SUV that everyone has to have. (Watch for the Avalanche and Hummer 2 rolling out soon... if gas prices and the economy stabilizes, those things will be HOT.)

All that said, I'm not afraid to use a stock as a piece of meat for trading for profits either. smile In fact, I'll begin selling covered calls on some of my IBM this summer.

Sam

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