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


To: Dave who wrote (57511)4/19/2001 8:07:46 PM
From: David Howe  Read Replies (1) | Respond to of 74651
 
Dave, I assume you think that this is simply a bear market rally and that the next low in the Nasdaq will be even lower?

<< enjoy the rally while you can, but be wary of adding to it just as the Sucker's Rally gets going strong. >>

I'm not adding to it now. Grabbed a few cheap stocks a couple of weeks ago, but in general, I'm not in the adding mode.

My main interest is determining when to take some chips off the table. While I believe in MSFT long term, I am cautious about the market. Where to sell is the tough question. I'm nearly back to highs set in late 1999, before the big drop. Selling at $80 is going feel real good, until MSFT goes to $120. <g>

I still believe that the best move for long term investors is to buy and hold. But, in my current situation, I'd be crazy to let it ALL ride much longer.

IMO,
Dave