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Technology Stocks : How high will Microsoft fly?
MSFT 507.49-0.6%Nov 17 3:59 PM EST
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To: CGarcia who wrote (26441)7/17/1999 6:10:00 PM
From: Norm DuPont  Read Replies (3) of 74651
 
CGarcia.

I'm a lurker on this site. I saw your response a few days ago and I have been thinking about it ever since. I have also seen some of the responses to your major mistake.

I used to try to time the market and I have made money and lost money in Microsoft and others. BUT I have never been able to time the market and trying to time the market is for chumps...

I read Peter Lynch's book beating the street. I recommend that you read it too.. It says find a good stock in a business you understand and buy and hold it, until the company or market changes.

I read the book and in a similar time frame as you subscribed,I started using the philosophy and started NOT trying to time the market. I now have very large holding in Microsoft and Cisco. No taxes paid on the major gains I have made. I am now retired. Because of those decisions.

Nothing has changed, so someone could start today with this philosophy.

The reason I am sending you this note. Is from your post It does not look like you have learned a damn thing from your experience. Your still trying to time the market and your a chump..

I don't mean it personally, some people never learn and you may be one of them. But, Why don't you take your $30K or what ever you have and invest not speculate in a good stock.

Sincerely;

Norm DuPont

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