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Strategies & Market Trends : Options

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To: PAL who wrote (7895)6/1/2000 1:55:00 PM
From: Dr. Id  Read Replies (2) of 8096
 
just how many got in when msft was at 120 and dell at 60? did they cut their losses by getting out when they dropped around 10%. yet if you look at their respective threads, there are many posters who suggested to hold hold hold.

Paul,
This is true, but it's hard to have a hard and fast rule. It depends on what point in it's growth curve a company is at. For example, I bought CSCO in Dec 97, long after it's major gains had been made. Currently (after the present downturn and after adding to my position in early 99), I'm up 400%. And, I plan to hold CSCO until their fundamental picture changes (which I don't anticipate for a while).
The point is to keep an active eye on your company, and don't fall in love with a stock. However, you also don't have to get in at the beginning to make major gains.

Dr. Id@ltb&hsometimes.com
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