Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (1997)	8/30/1998 8:59:00 PM
From: Eddie Kim	Respond to of 4509

You advice is perhaps good for long term investing. When I say long term I mean more than five years; however, one should realize that the market performance is now directly intertwined with the US economy. This wasn't true 10 year ago, but now so many people are invested in the market that its performance determines how much they spend or not. Buying and holding stocks is an okay idea; however, buying and selling at critical times can be more profitable. Take a look at NMGC. Its dominating the market. All analysts give it a BUY or STRONG BUY; however, the stock is lower than it was two years ago. WHY? Because the semi sector is having hard times even though this company is growing faster than 100% a year. Long term this stock should do fine given that no major mishaps occur; however, this stock might be around in ten years...and then would holding have been worth it while the market is telling you to sell it? -Eddie