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


To: ed who wrote (25132)6/30/1999 9:15:00 AM
From: Deliveryman  Read Replies (1) | Respond to of 74651
 
The question is can you make $700 every trading day consistently. Sometimes you win and sometimes you lose.

You should re-read my post. I said I average $700... I have taken all costs into consideration. It is real simple... get a table of the open and closing price of MSFT over the last year. (Yahoo has it for free) Make a simple spread sheet that subtracts the opening price from the previous days close. You will see that MSFT gaps up an average of more than a point a day. Buy at the end of the day (actually at 9 mins before the end of the day) and sell at the open.

It does NOT average out flat. Not even close.

I also believe in long term holding of MSFT. AS in today's WSJ--
"A Microsoft Investor Proves That Buying And Holding Pays
Fred Housel bought a few hundred Microsoft shares more than a decade ago and held on to enough of them to make himself a millionaire today. "