How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 493.80

-2.7%

Nov 18 3:59 PM EST

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To: Frank Ellis Morris who wrote (28824)	8/28/1999 10:05:00 PM
From: carl a. mehr	Read Replies (4) of 74651

Frank, I am pleased that Allan Greenspan has chosen to speak up. There are hundreds of new internet IPO's that will never make any money. As these stocks go down and becomes worthless there will be a lot of pain among widows and orphans left holding the bag. I hold, however, a bright outlook for the three big Gorilla stocks in this investment game. Looking back: The investor that placed $10,000 in each of the big Gorillas (INTC, MSFT, CSCO) 5 years ago, that $30,000 would today be worth about $460,000. That figures out to an annual compounded return of 72%. Prudent use of margin could probably make that a double every year. Why mess around with any other stocks than the three Gorillas? Why shouldn't the next 5 year of those companies, do as well as they did in the past 5 years? I think that they might even do better. humble carl

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