How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.98

-1.4%

Nov 19 3:59 PM EST

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To: taxman who wrote (26517)	7/18/1999 4:05:00 AM
From: Dwight E. Karlsen	Read Replies (4) of 74651

I suppose if one has a very low basis in the stock, and has a very high net worth, there will be a banker to lend you money with the stock assigned as collateral. I don't know of anyone doing that, but I suppose there are people doing that. Are you familiar with this type of loan? What are the terms? Most banks want their principal back at some point, so they can turn the money, generating more fees. Unless it's a high interest loan, then they aren't as eager to get the principle back. My only point originally was that different people have different goals and time horizons, and it doesn't make someone a "chump" because they had the forsight to be able to buy MSFT at an opportune time, vs. an inopportune time. When I saw MSFT up 14% for the year at mid-year, and a trailing P/E of <60, I felt that was the time to buy. I suppose others would prefer to buy at the 52-week high, but that's them.

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