How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 480.95

+0.7%

3:59 PM EST

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To: PitBull who wrote (5673)	4/4/1998 7:37:00 PM
From: Monty Lenard	Read Replies (1) of 74651

Enthusiastic, I will jump in here with my 2 cents worth. Having read the responses to your post I would have to agree with the dollar cost averaging suggested by the others. I have invested and trader MSFT for several years now(pre WIN95). Everytime I was totally out of MSFT I grieved so much that I am never totally out of MSFT! If I sell all my shares in anticipation of a pull back and it does not come in a day or two, I immediately buy back in(at least a small position)just to settle me down while I wait for a pull-back. First, you need to decide how much you are willing to invest in MSFT. Lets assume that is 300 shares. I would buy 100 now(this will settle your nerves until you can get a pull back - which IMHO will come, if not from a market correction, from some bad press or the like). Then, if you are not in a position to watch the market daily go ahead and put in a limit order "GOOD UNTIL CANCELLED" for another 100 shares at the price you feel MSFT will pull back to. Lastly, save the other 100 in case it continues below your limit order. I would not buy the last 100 until I saw it pull back off a bottom of some sort. Personally, I use TA to determine the pull back price for setting my limit order. Looking at their chart as of 4/3/98, my limit order would be 86 or 86 1/8. I think it could go a little lower (85 to 85 1/8), but I am willing to give up the little extra to be sure I get filled. If MSFT CLOSES below 84 to 84 1/2, I would look for the next stop to be 80 to 80 1/4. BWDIK These is MY views and you should read this with that in mind. I would feel terrible giving someone bad information that cost them money!!! Good Luck, Monty Lenard

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