Max More <max@maxmore.com> wrote on Wednesday, December 08, 1999 1:03 pm,
> For goodness sake, don't try to buy it when it's just leapt up
> (unless it's on news of a genuine and promising *product*).
Exactly: "Buy low, sell high!" It sounds obvious, but most people don't do this.
My business partner bought Apple stock a couple of years back when it was $12 a share. It looked like Apple was about to go out of business and Microsoft was way up. Everybody thought he was crazy. Of course, a couple of years later, Apple comes out with the I-Mac and markets the fastest mass-market computer. His stock is worth 10 times what he paid for it. Microsoft is still high, but it hasn't grown 10-fold.
Max is exactly right. You don't want to buy a stock after good news. You want to buy it before good news, and then sell it after everyone else has bought in.
-- Harvey Newstrom <mailto://newstrom@newstaffinc.com> <http://harveynewstrom.com> Author, Consultant, Engineer, Legal Hacker, Researcher, Scientist.