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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: T.R. who wrote (10332)	11/13/1997 10:32:00 PM
From: J. P.	Read Replies (1) \| Respond to of 12298

17! What the f**ck happened while I was gone! Jeez, at least I made a couple of bucks with my Walgreens stock, looks like old and dowdy tortoise wins again. Well messing with the DD stocks has been quite a revelation for me (and a costly one at that!). Forget valuations etc. the name of the game here is product life cycles. They are much too short, see semi's also. There is no real reliable way to time these things as the street is geared to keep you off your balance at all times. I don't care what anybody here says, I'll bet very few keep their gains through the ups and downs. People, I'm a convert. I'll let the Nasdaq drop down to the 200 day moving average, let the climax selling begin, then jump in on a follow through up day to Intel and Microsoft and maybe Compaq and hold those puppies yes - forever! That's my new holding period. I'll just have to content myself with whatever Mssrs Gates, Grove, and Pfeifer can do with their stock prices on the aggregate in a given year and concentrate on my own core business of computer consulting! Good luck to all! The market will go back up when you least expect it!