How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: cgraham who wrote (27328)	7/25/1999 10:40:00 PM
From: werefrog	Read Replies (1) of 74651

cgraham: I feel very comfortable daytrading msft and even holding some shares for longterm. That being said, since I did'nt get in msft in middle 80's and get rich off it like a few people did, I don't won't msft to be the one to bust me out either. The railroads broke more people than any other investments and they were the msft in the early 1900's. My Aunt bot IBM about 10 years ago at 175 & sold it when it broke below 100. It bottomed out at about 40 & has since recovered but it took about 10 years for the round trip. Timing is everything along with money management, both are far more important than stock picking. You can make money playing a dog if your timing is right. The optimal time to buy msft is when it is down 25 - 30 percent from it's yearly high & monitor your stocks very closely, especially bad news. I know msft is a great company today, but so were the railroads in their day. That's the reason I sleep better the nights I don't own any stocks. When I was playing longterm bad news would ineviatably come out after market close on some stock I owned & it would open many points lower the next day & I would be "Stuck" hoping it would recover. I just don't play longterm anymore and I certainly don't play the buy, hold, and hope method, thus I have become a "Daytrader". Have a nice day.

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