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Technology Stocks : PictureTel (PCTL)
PCTL 0.00010000.0%Aug 4 2:00 PM EST
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To: Charles J. Wajciechowski who wrote (888)1/28/2000 6:50:00 PM
From: MrBuzz  Read Replies (1) of 920
 
Mark,

Here's a suggestion that works well for me:
(1) Keep a "core" investment position and scale in gradually
(2) If you like, daytrade or short term trade the stock in addition to your investment

We had a nice gap up on the open, but a quite strange finish today. I'd ignore all the day-to-day stuff Mark - its just not worth daytrading/short term trading this stock.

For example, I gave back 1/8-1/4 of a point today tryiing to daytrade it... not too smart considering I hold a low enough position to not have to look at it daily at all!Admittingly, today was a VERY difficult day to trade given the market weakness and PictureTel's intraday pattern.

Best to stay the course and ignore all the daily ups and downs.

MrBuzz
www.whats-the-buzz.com
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