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Technology Stocks : FSII - The Worst is Over?

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To: Joe Dancy who wrote (1811)3/5/1998 3:36:00 PM
From: Kent Sarikaya  Read Replies (1) of 2754
 
Joe, That article on Murphey just adds fuel to the fire that you have to trade these stocks. You just can't sit and hold forever, because those few down years really hurt. The numbers in that article explain it all.

A few weeks ago I was calculating selling my AFLX at $20 for a loss, when the price was in the 16's. And then buying back when it dropped again to the 16's. The numbers said do it in all ways I came out better, but when it came to $20, I was worried it wouldn't drop down to 16's and then it wouldn't have been worthwhile. Here today it is back down. This last time was risky, but this has happened a few times since I bought in. I could have really been ahead with this stock if I had traded these ups and downs since September. As it is now I haven't made a thing and am sitting at good paper loss.
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