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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (48412)	9/18/1999 11:38:00 AM
From: Tony Wang	Read Replies (3) \| Respond to of 53903

I understand what you say that 75 a share is on the expensive side. But I bought CSCO before it split at $100 a share in march. The high then was $108. Analysts were saying how CSCO was a great company but price-overextended at the time. I was waiting for a correction to $75 (a normal 30% correction,) it never came. The low was a 1 day opportunity at $92. Then, it took off, I grabbed it at $100 a share. It did nothing for a couple of weeks, then made new highs at $122, went back down to (unbelievably) $100, and took off again to todays split adjusted $147. ($73 1/2, close FRi. after split) Point is despite all the wiggles and waggles and ups and downs, if you believe, just get on board and let the stock price direction take care of itself. If you don't, no matter what price you get in at, you will get shaken out on any downtrade through your purchase price. If you are wrong about being long, you will lose anyway. If you are right about getting long, but waiting to time it to exact low tick, well good luck.