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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (5665)	6/17/1999 2:18:00 PM
From: Katherine Derbyshire	Read Replies (2) \| Respond to of 7342

Thanks for your comments. I'm mostly a buy and hold type myself, but the math you provided was still very interesting. Katherine

To: Chuzzlewit who wrote (5665)	6/17/1999 5:01:00 PM
From: Farfel	Read Replies (3) \| Respond to of 7342

When would have been the right time to sell Microsoft or Walmart??? If you have a crystal ball, perhaps you would know----even the greatest chartist, William O'Neill says to buy a stock as it is breaking through New Highs and coming off a base----on strong volume. Tellabs broke through that high (63) two days ago on 4 million shares. And there it is not always necessary to sell---especially when you are dealing with one of the "Great Growth Stocks"----the kind of stock like Tlabs in which if you entered in 1994 with $10,000, you now have about $250,000 and are still going. Exactly at which point would you have jumped off of Tellabs??? It doesn't make sense if you really are into T/A and have looked at the Charts on Tlabs-----they are "off the charts". And if you are a "fundamental investor"----then people like Peter Lynch suggest that you sell when the earnings break down----NOT BEFORE. Attempting to time markets, cost me a lot of money----I have done extremely well with Tellabs----but would have done even better if I had just forgotten it. But then I also had Microsoft back when my broker didn't know what the symbol meant----prior to any "splits" and that same 100 shares today would be worth over 1.4 million dollars. Unfortunately, I took Catherine's advice----or some other T/A's advice---and sold----nice little profit----but none of the following runups and splits------a bit short of the 1.4 million I would have had I just held the stock. Tellabs is like Microsoft, until earnings break down, just hold it; just when you let it go, it will run away on you. I know, I have traded it many times !!!