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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KeepItSimple who wrote (94151)4/14/2001 2:48:48 PM
From: Jacob Snyder  Read Replies (1) of 436258
 
re: Nobody ever lost their job for picking microsoft in their portfolio.

People used to say the same thing about CSCO, EMC, INTC, etc., etc. One by one, every "safe" stock in every "safe" sector, has collapsed. I am long MSFT, and I will sell if we get to 75. A lot of other people will, too, which is why I think it's unlikely we get that high. There is overhead resistance, investors who bought at higher levels and would be happy to get their money back, in almost every tech stock.
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