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

To: Valley Girl who wrote (42310)	4/17/2000 12:45:00 AM
From: Gottfried	Respond to of 74651

VG, re >If you pay 10% more than you might have, you will always be 10% behind regardless of compounding.< I have no argument with the math, but fail to understand why anyone would impart such precision into a relative gamble. You gamble that the stock will double - at least - in X years. If you don't buy it because of your limit order being too low you make nothing on that potential investment. I guess it gives the feeling you're in control, but may lead to missing some big gains. We had this argument back in fall of '98 on the AMAT thread. The stock bottomed near 11 [then 22 - there was a split]. Those that held out for a lower price missed it. AMAT is at 80 now. Gottfried