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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (41876)4/29/1998 9:01:00 PM
From: Allan Harris  Read Replies (1) of 58727
 
Tom, thanks for taking the time to post your answer to my inquiries as to your plans with PFE. I have only been following your posts for a few weeks, but have noted that you feel much more successful with your S&P trading then your individual stock adventures. If I read that right, then maybe all I was suggesting was that the same underlying philosophy that seems to work in futures might also apply to individual stocks. I think if anyone plans to own a stock for years, as opposed to days, then exact price entry points become less important then pulling the trigger and establishing an initial position. I guess that's easy to say in the shadow of bull market that rewards all but the hesitant. I think it is Peter Lynch who points out in one or two of his books that you could have bought Walmart after it initially tripled, and still held on for a ten-bagger.

Allan
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