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Technology Stocks : How high will Microsoft fly?
MSFT 474.82-0.8%3:59 PM EST

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To: XiaoYao who wrote (30071)9/26/1999 2:09:00 AM
From: Jon Stept  Read Replies (1) of 74651
 
XiaoYao- re:smoothing share price appreciation...

Hi XiaoYao,

Smoothing out share price appreciation is not a strategic option I want the corporate officers of a company in which I own stock. I want the shares price to go up because the company is making good proucts and the markets have faith in management and the companys future.

This is the first I have heard of any company trying to smooth out their share price appreciation. When I think about it, I wonder if this were indeed the responsibility of the board, then in the future I should not be surprised when an officer of a corporation publicly states that the shares of his company are undervalued and thinks they should cost more.

Either way, more or less, when they doubt the free-market ... the public... they are caught not practicing what they preach (How many times have we heard Microsoft talk about how the market should decide what products they want to buy... the market knows best.) and insult all of us who participate, as we, the collective market, somehow are not right.

Do or die, it is the market that will soar or dig it's own grave. A corporation making comments like that undermines the market psychology that supports this.

Just my opinion.

Jon :)
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