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


To: t2 who wrote (13961)1/7/1999 5:00:00 PM
From: J. P.  Respond to of 74651
 
<< If mutual funds beat the market, you would have no reason to buy individual stocks.>>

very true. I wish I made millions a year to work for Fidelity and buy a basket of stocks, whether they beat the SP or not. These guys really strut when they beat the Index by a few percent, but then you got to count the management fees and the taxes from churn, and poof the couple percent are gone.

I still have the February 150's. Kicking myself for selling the January 135's on Monday, made over 100 percent on them, but if I'd of held until today, would have made enough money on Tuesday and Wednesday to buy me one of them Cadillacs with the gold trim and police scanner, even some fuzzy dice to hang on the mirror :-)
I admit it, fear got the best of greed.

p.s. think my Fidelity broker would approve of my decision to buy those block of January 135 Microsoft calls? Wrong, these guys are a joke, they're bad mouthing Yahoo and Amazon in the face of 30 point gains, and Barton Biggs is saying short the blue chips in the face of a 233 point up day on the day. The internet is empowering the individual investor and taking the mystique away from the "pundits", oh yea I didn't even mention Kurlak's downgrade of Intel before it's 40 point run.