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Article:
Buy: Hold: Sell: Jump by: Charles M O'Melia I'm sitting here at my computer desk with a cup of coffee at my elbow. The coffee rest in a mug, the mug garnished with the words Buy, Hold, Sell, Jump, vertically along its sides. Emblazoned across the top of the cup are the words, Wall Street, which encircles the upper portions of the mug. The handle of the mug is quite ornate, rounded at the bottom, with a cradle in the handle's top. In the cradle is a die, with a small metal pin through the die, which enables my thumb too spin the die. Instead of numbers, as in a pair of dice, the die's choices are Yes, No, and ?. And, lo and behold, an article is born. When do you buy, sell, hold or jump? (A better question still, what do you buy, when do you sell, how long should you hold, and why would you jump?) This article will tackle the word Jump (to find the answer to those other questions, they've been answered in some of my other articles). Would Jump mean off a building? Or Jump to another stock market security? The word Jump reminded me of one of my other articles where I stated '˜just because thousands of people on wall street make their living doing '˜technical analysis' doesn't mean you have to jump off a building, too'. Just today, reported by CNBC, a hedge fund has gone bankrupt. Seems the manager of the fund has skipped the country, along with all of the money. It's been reported tens of millions of investor's dollars are gone (as well as the manager). The Wall Street Journal just had a report stating that retirement plans are facing a new threat: Theft. Excerpts from the Wall Street Journal (March '2
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