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


To: Captain Jack who wrote (41450)4/6/2000 5:33:00 PM
From: johnd  Read Replies (1) | Respond to of 74651
 
Read my post 41445



To: Captain Jack who wrote (41450)4/6/2000 8:32:00 PM
From: Valley Girl  Read Replies (1) | Respond to of 74651
 
I hear that. I've already reevaluated, and to paraphrase Danny Devito in LA Confidential, "This one's on the night train to the big adios."

As some of you know I switched strategies Tuesday when the Nasdaq went into that unexpected swoon, and during the blackest hour with the index down 500+ points I sold 4000 shares at 86ish and flipped the proceeds into SEBL, MEDI, and INTC, by blind chance within a point each of the low of the day.

I'm really thinking now that I'll sell into any rally we get and reduce my position in this stock to about the same weight as all the others. I just can't have it pulling me down any longer. I've lost $500K of market value in the past three weeks, and the bleeding has to stop.