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


To: Teflon who wrote (28224)8/16/1999 4:11:00 PM
From: t2  Read Replies (1) | Respond to of 74651
 
Teflon, Finally!
I decided to buy back my core MSFT for good (20%) today. No more trading it. I did so many flip-flops and short term trades that i just decided enough is enough. Getting out in the high 90s was good but trying to find the buying point is getting extremely difficult (for my core holding).
I don't plan to trade what i bought today. I am going to look for short term trading opportunities and not touch my core holdings again.

BTW--I do so many trades simply because there are no implications for tax sheltered accounts. One cannot get too greedy in trying to find a bottom for a stock that is almost guaranteed to provide great returns for the next year. So i decided to play it "safe" and buy Microsoft for good.

Still not bullish on the market itself but willing to nibble on other stocks over the next month or so.