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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: taxman who wrote (24039)6/11/1999 4:45:00 PM
From: Sir Francis Drake  Respond to of 74651
 
<OT> The glory (and bane!) of being a daytrader, when I trade, I very rarely hold overnight positions (exception is when I have *very* good reasons to hold overnight) - I was out of PFE with a 9/16 point hit (still, on 5K shares, with commissions etc., almost $3000 loss). On the other hand, I own a shitload of PFE in my long term portfolio, but my base cost there is about $16 a share (I've held it since 92, and added in options and trading profits). Long term, I view this sell-off as a buying opportunity, and I'll be trading it soon again (hopefully more successfully - before today's boneheaded move, I did trades of buy at 100 5/8 - 102 area, sold at variously, but all above 115). Win some, and lose some.

Morgan

BTW, loss on QCOM today - $4,700.