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Subject:  Re: Dividend Cut Date:  2/21/2003  3:09 PM
Author:  Minifig Number:  2534 of 7023

d149: I've owned shares of GM since 91, and I must confess this investment has been a dog.

I find this stock to be predictably cyclical. I have owned it off and on for several years now, and have made a lot of money from it. I don't believe in long term buy and hold. Sell it next time it goes up, and buy it when it goes back down. I don't know when it will go back up, but I know that it will. I sell when I've made $20.00 per share. Then, when it drops again, I buy again. The times I've bought it was always in the high twenties, and I always sell in the high fifties. This way dividends are gravy. I have a Roth IRA, and therefore, no capitol gains tax.

Cib (wacky Fool)

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