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

To: Eddy Hagan who wrote (5586)	3/26/1998 8:32:00 AM
From: Brian Malloy	Read Replies (1) \| Respond to of 74651

All, I can tell you is that about 6 years ago I made my first MSFT purchase of 50 shares for my IRA. Today those first 50 shares have grown to 400 after splits. It has been a 12 bagger for me. In your post you write: "?i thought i wanted to be a long-term investor in msft,but seeing how many people feel april will be quite rocky, could it be better to have the cash on hand?" You just have to pick your strategy and stick with it. If you are long-term MSFT then stick with that unless something fundamentaly changes with the "MSFT story". It is interesting to note that over the past three years MSFT has not traded lower than 10% below its all time high. You will also find out then when techs got hammered in March of last year and in the fall of last year, MSFT stood up very very well. Regards, Brian

To: Eddy Hagan who wrote (5586)	3/26/1998 9:40:00 AM
From: RetiredNow	Respond to of 74651

Eddy, it really is a tough call with stocks like MSFT. I really hate selling such a great company. But I personally just want to get prepared to buy stocks I like even more for the future. The main reason I am raising cash is because I want to get more CSCO and LU when the whole nasdaq dips in late April. I think the Nasdaq will dip because it has done this several times in the past and the whole market has reached giddy heights. Also, I think most of my favorite stocks have been overbought. So from a ST perspective I would sell, but from a long term perspective I would hold. Since you are trading from your IRA, I wouldn't shut your eyes and ride out the ups and downs. Your time horizon should be considerably longer.