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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (8894)	1/26/2000 1:19:00 PM
From: fuzzymath	Respond to of 17183

If you are buying on dips, then you are timing the market. My method buys on dips too. And I NEVER sell short, because the natural direction of the market is up, because people are constantly improving technology and efficiency. With a basis at $26 your tax on the profits is a killer if you sell. And, you regularly have additional cash on hand to buy more shares. And, you're investing for the long-term. So, buy and hold with diverse good companies is going to work probably better than almost any other strategy. Believe me, I highly respect buy and hold. My situation differs in that it's short term investing with the money needed within a few years. Losing 40% in a crash would not be prudent. And, I have these models I built over the past 13 years that work really well, at least with the market indices. I buy low and sell either after the rally loses momentum or if the market turns against my position (cut my losses). All of you SUNW and EMC long-term investors have handily beaten my return over the past two years. But I've made good profits at very little risk. I don't lose much when the market dips because I'm on the sidelines watching for most of the dip. Also, I don't really have new money to invest. So the only way for me to gain shares is by selling high, then buying back in at a lower price. If the market stays positive today, I'll probably jump back in. Right now, the models are suggesting tomorrow could be good. Kevin