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

To: Kirk © who wrote (14850)	1/20/1999 6:04:00 PM
From: LindyBill	Read Replies (2) \| Respond to of 74651

What about Greenspan's testimony today? It's easy to tell that Greenspan still remembers what he learned in Ayn Rand's "Commune" back in the '60's. Just wish it could be implemented, but it can't.

To: Kirk © who wrote (14850)	1/21/1999 11:01:00 AM
From: PMS Witch	Read Replies (2) \| Respond to of 74651

"Agree with Buy and Hold. I bought Msft in 1993 and have never even considered taking profits." About a year ago, an active participant on this thread, who was exceptionally good at predicting MSFT price moves in her posts, and who consistently traded profitably, posted a comparison of her trading profits against a buy and hold strategy. She claimed to have made less than $100 more through her trading than she would have if she had bought and held. Her conclusion: trading* didn't pay for the effort or the risk. (* One to ten thousand shares per trade) I used to work with a guy who'd flash a big roll of dough Wednesday mornings. (The horses raced Tuesday night) He loved to boast of his tremendous 'winnings' resulting from his 'horse' expertise. A fellow worker once asked him if he 'won' so much, "Why do you live in a dump and drive a wreck?" I view the 'trader riches' with much the same skepticism. Just an observation, PW.