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

To: Valley Girl who wrote (39629)	3/22/2000 6:31:00 PM
From: Ralph Mahar	Respond to of 74651

VG, That was an exceptionally well thought out statement of the difference between trading and investing. My personality requires the activity of a very short horizon, but I understand the wisdom of your post and can see the advantage of a longer timeline. Most of the positions that I've traded through could have formed the nucleus of a great portfolio, ie AMAT, CSCO, LSI, MSFT.....ad infinitum. Ralph

To: Valley Girl who wrote (39629)	3/22/2000 8:30:00 PM
From: Proud_Infidel	Respond to of 74651

MSFT's Japan unit to get new president: nikkeibp.asiabiztech.com

To: Valley Girl who wrote (39629)	3/22/2000 8:31:00 PM
From: SC	Read Replies (3) \| Respond to of 74651

VG, How many shares of stock would I have today if I had bought 100 shares of MSFT in 1989 and held until today? What was the going price for 100 shares of microsoft in 1989? I know it has split a number of times, but I'm too lazy to look it up and I bet you know the answer. <VBG> Steve

To: Valley Girl who wrote (39629)	3/22/2000 9:39:00 PM
From: werefrog	Read Replies (3) \| Respond to of 74651

"I was also trading softee in '89" I am happy for your success holding MSFT, I bot, held & made money also, but looking back, had I been daytrading that same 1989 buyin, making a mere 1 point per day, I would have made much more money. <Even if you can claim a "track record" of sorts> I claimed nothing. I posted my daytrading chatroom, which is "FREE", and all you have to do is log on and lurk it for a while, then you can make your own mind up. Did you ever buy YHOO when it was down 50 or 60 points during the day, hold for about 1 hr, then sell it for a 40 point profit? I have, and I can asure you that buying and holding MSFT no longer fits into my agenda. <we've been in an unusual bull run for many years now> What the market is doing means very little to daytraders, in fact my best scores have been on big down days. <Certainly, for most people, buy and hold remains the best approach to investing.> Hey, whatever turns you on. I try not to think about what is best for "most" people, I'm too busy making my own money. I find that being out of the market overnite makes me sleep much sounder. <a bell-curve distribution of performance > There are statistics, and there are "PLAYERS". Just knowing statistics is not enough to make you a winner, you've got to know how to play the game. Final note: I find your comments pertaining to daytrading very picayune and I can only hope you take the time to really find out what it is all about. You, and others on this thread act like you're afraid you're going to lose a little money. Why not take say $100,000, out of the money you've made holding MSFT & open a daytrading account and have a little fun. You only live once. Cheers