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

To: David Howe who wrote (57513)	4/19/2001 9:33:04 PM
From: Dave	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? Yes. Right now, half of my IRA is in bear funds (just added a nibble of URPIX and USPIX Ultrashort Profunds) and precious metal stocks and funds. The other half is in cash. There's a little tiny bit of VION in there, just in case they cure cancer while I'm betting against the market. If you sell at $80 and make a big profit, don't feel bad if they go up to $120 during a wacky sucker's rally. I'm selling my house right now. It has appreciated about 75% since I bought it two years ago. Sure, it may keep going up for a while, and maybe I could have doubled down and bet on a big continuation of the California real estate bubble, but I'll be very happy with my gains, because I will move to Portland and buy a nice house with cash. You can't kill yourself because of gains you COULD HAVE had IF ONLY. Unless you're omniscient, in which case there's no excuse but laziness for missing market timing. Dave