High Tolerance Plasticity Message Board

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Politics : High Tolerance Plasticity

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To: pls418 who wrote (19091)	3/7/2003 9:23:51 AM
From: chowder	Read Replies (1) of 23153

Steve, I wouldn't buy it in either scenario, unless you're looking to day trade it. What is the condition of the market? What direction are the markets heading in? What direction is the price of MSFT headed? Why are you so willing to fight this trend? MSFT trades an average of 333 million shares a day. Are you strong enough to fight that trend? I would forget about price. I would focus on the trend. I wouldn't buy MSFT until the condition of the market improved and prices were rising. It's not the price that is important, it's the trend. It doesn't make any difference what you pay, what makes a difference is being on the right side of the trend. Again, if you're looking for a day trade, I might buy on weakness today, in hopes of a bounce. I just don't think it's a good risk vs reward play. dabum

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