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

To: PMS Witch who wrote (14898)	1/21/1999 11:48:00 AM
From: CookiePuss	Respond to of 74651

Interesting post. I can see this strategy being effective with a stock like MSFT but I wonder if a buy and hold strategy is applicable to the high flying internet stocks. Personally, I'm happy that I have trading in and out of these volatile stocks rather than deciding to hold a stock like AMZN long term. Time will tell if this approach will prove to be the most profitable.

To: PMS Witch who wrote (14898)	1/21/1999 11:59:00 AM
From: Kirk ©	Read Replies (1) \| Respond to of 74651

Good points! Further agreement... Uncle Billy/Sam and Uncle Davis, here in CA, love traders as they pay top tax dollar on their gains. You have to beat the tax man every time whereas my taxable gains are at 20% and only when I decide to sell! Heck, I might just sell in a yr when I have no or little income and only pay 15%! Some traders do well. I traded my company stock in a 401K plan and made 20% on the average value in the stock in a yr when the stock was flat. Not sure it was worth the trouble for a few $k, but it was fun and it helped me pick good DOllar Cost Exit points for company stock held outside deferred accounts. My site: suite101.com regards Kirk out