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

To: Valley Girl who wrote (43512)	4/26/2000 11:31:00 AM
From: Jacob Snyder	Read Replies (2) \| Respond to of 74651

No, no, no, You are not giving yourself enough credit. When I went back and reread the posts from last December, almost everyone was wildly enthusiastic, long/medium/short-term. Risk management and valuation levels were ignored. But you were thinking about those things. You didn't get swept up in the general euphoria. You were paying attention to the things that, in retrospect, were going to send the stock down more than 40% (so far). Almost no one else was. If predicting stock prices couldn't be done better than predicting the weather, then I'd have all my money in an index mutual fund. I've done a lot better than that, and I suspect you have too. And it wasn't luck.