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Technology Stocks : SAP A.G.
SAP 239.29+3.6%3:19 PM EST

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To: jon iliz who wrote (3138)3/23/1999 8:22:00 PM
From: Jacob Snyder  Read Replies (1) of 3424
 
Am I the only person buying SAP?

I thought it was great when the stock hit 31, and I started buying. Just bought another 150 contracts of ZSPAH @ 5 today. I love it when Mr. Market lets me buy the best companies in rapidly growing (long-term, at least) industries, cheaply. This is like buying Intel last June.

I guess the momentum guessers have all given up in despair, and the value investors got scared when previous support (at 31) failed. With no visible support underneath this stock, you have no idea if you're buying anywhere near the bottom.

But I'm not smart enough to pick the bottom. I'll just continue to buy in increments, as long as the stock is at the low end of its valuation range.

It's a great day to buy.
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