How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 474.82

-0.8%

3:59 PM EST

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To: ed who wrote (14051)	1/10/1999 11:22:00 AM
From: PMS Witch	of 74651

"... you got to have patience and forget the cents but just think about the dollars." I think you've summed up an effective investment strategy. Another view could be that one should set a price they're comfortable paying and stick to it. If events prove their first price was unreasonable, then they may need to update it later as the picture becomes clearer. I've observed it's easier to hold on and ride out the bumps in a stock where my entry point was quite favourable than when I think I've paid too much in the first place. When I find myself in this uncomfortable position, the temptation to admit an error and cut my losses becomes overwhelming. With the help of hindsight, I then end up kicking myself like an Irish dancer. Just the observations of someone who has left many dollars on the table while trying to pick up the pennies. Have a good 1999, PW.

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