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

To: yard_man who wrote (37308)	1/31/2000 9:19:00 PM
From: Exacctnt	Read Replies (2) \| Respond to of 74651

Tippet, <<<You want to "believe" because you have to believe to keep investing or stay invested in this credit-swelled bloated pig of a market --- stocks will be a good value again. I'll wait ...>>> The only problem with waiting, is that you may end up sitting on the sidelines watching the parade go by. Part of my daily ritual is to monitor the M Burke and the Myth threads. I do this because I recognize the validity of many of the common themes disseminated on those threads. Also, I respect the knowledge and opinions of many of the posters. However, for the past two or more years the regulars, judging by their posts, have essentially been out of the long side of the market and have been playing the short side. There is nothing wrong with going short or buying puts because I have used this strategy on selected stocks myself. Including buying puts on MSFT while owning a long position. The problem is that once you've cashed out, you never know when to get back in, especially if you are waiting for the Big Kahuna or even a little Kahuna to occur. Am I concerned with valuations, quality of earnings, excessive credit, slimy analysts, inflation, deflation, day traders, recessions, corrections, blackmail, greenmail, and acts of God? You bet. But I am in the game and not on the sidelines watching and waiting for that bell to ring telling me that my moment has arrived and it is now safe to enter the market and take a position. I much prefer to establish long term positions in quality companies and hold until the fundamental story changes. If the need for protection arises, hedge the positions. Regards