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Pastimes : Ask Steve -- Ignore unavailable to you. Want to Upgrade?

To: space cadet who wrote (4719)	3/18/1998 1:33:00 PM
From: Steve Bush	Read Replies (1) \| Respond to of 4749

>> In general it is a very bad move (doubly stupid in hi-tech) to buy stocks (or anything else for that matter) just when they are at all-time high prices. Huh??? Correct me if I'm wrong, but by definition a stock HAS to make all time highs at some point or it will never go up over time. The value of my house is at an all-time high but that doesn't mean I should sell it (or that someone else shouldn't buy it). It's not at all uncommon for people to place stop-limit buy orders at breakout points. Of course if you trade that way you need to have protective sell-stops in place (or buy puts if you're a cc'er) in case the trend reverses. But to just say Clarkster made a mistake by buying near the high is 20/20 hindsight, IMHO. sb