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Technology Stocks : How high will Microsoft fly?
MSFT 508.82+0.6%Nov 11 3:59 PM EST

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To: t2 who wrote (26488)7/17/1999 9:16:00 PM
From: Bill Holtzman  Read Replies (1) of 74651
 
Tech2, Thank you for endorsing "timing." I'm sick of people preaching to me about how evil it is to time the market. Everyone times the market, some just use longer periods (except Buffett who claims to never sell!).

The preachers are usually those who've luckily stumbled into something. I bought SGI 4 or 5 years ago. Good thing I didn't try and time the market. I might've made some money on something else! Meanwhile my money sat on a loser for years! Bottom line is you should select a time frame which corresponds to your vision of the company's future.

Enough tripe. I think you may be off the mark on Softy. They've had their noses to the internet grindstone for years, the internet is going to be (as Shatner says) "really big", and the next couple years will be dazzling, both in the new uses of the internet and in the results of key companies.

Short term, if Bristol represents any kind of shift in public sentiment, the end of the trial, even if it isn't a great result, will lift a cloud of uncertainty and get a load off the stock. I think 125 is doable soon, followed by 150 when the trial gets closure.

Good luck!

Bill
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