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By GEbRGE Rowand
Times-Democrat Staff Writer
kay, listen up now. I’m going to
tell you how I became a Big
League investor, and how you
' can become one too.
There are eight rules to follow, so get out your scissors to cut out this column and put it on your refrigerator where you can see it every day. And here we go!
8. Buy low, sell high. This is the most important idea of the bunch. Everybody understands the concept behind it, but next to nobody can do it. To really buy low, you have to buy when all the news about a stock is bad, the market is falling, and pundits are saying that a crash-recession-reallybad-time is just around the comer.
(True story that I’m so proud of I just have to tell: On Oct. 8 the market was falling like a ton of bricks. One of the stocks I was following at the time, Dell, was down about 15 points for the day. I saw that and thought, ‘This is a golden opportunity.’ I bought 100 shares at 41 —9 . Dell turned around at my buying point and rallied up about 7 that afternoon. Now it’s at 75. It’s the only time in years of investing that I have ever truly bought “low.”)
Selling high is also tough to do because there is that part of us that says — after a stock goes to 100 and
93.2%