How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 474.92

+0.4%

1:18 PM EST

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To: andydaoust who wrote (65798)	3/7/2002 4:25:09 AM
From: Baldur Fjvlnisson	of 74651

Andy, actually public participation in the stock market has never been greater. Of the $4 trillion in equity mutual funds, $3.75 trillion came in through purchases or appreciation during the 1990’s capping off with the climactic purchase of $130 billion in the first quarter of 2000 (by far the largest quarterly purchase ever of equity mutual funds). Of course this enabled mutual fund managers to add to positions in Cisco, Oracle, Lucent, Priceline, Amazon, Internet Capital Group, CMGI and other dogs, some history, some not - at the worst possible time. Losses in some mutual funds over the past two years are horrendous. QQQ, the proxy for the Nasdaq 100 is down 55% only from September 2000. And Nasdaq itself is down 45% from Election Day. Take care, BF

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