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Technology Stocks : Charter Communications (CHTR)
CHTR 220.61-1.5%9:43 AM EST
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To: Peach who wrote (485)11/11/1999 10:31:00 PM
From: Craig Gordon  Read Replies (1) of 2437
 
Hi out there. Yesterday I got my first position started in CHTR, only because I was on vacation and didn't realize it had come public the day before. (It cost me $3 extra)

But that doesn't matter. I bought Microsoft on the day it came public. Here is how MSFT stock price behaved for the first 6 months. It thrashed around between 25 and 27 to start, then it tested 31 and back down holding 27 on the bottom. Stayed quiet for awhile and then took off.

A buddy of mine had bought 1000 at 31 and I told him it was going to 100 (he didn't believe me). He sold out at 41 and bragged to me how he made 10,000. It told him that he was a schmuck and that it was going to 100. Six months later he calls me from Epcot and tells me MSFT hit 100.

Later I get spooked because I felt the crash of 87 coming and I sold at 99 3/8 when the MSFT price was crashing (in July of 87) MSFT split 2 for 1 and bottomed out at 37 1/2 on October 19. I remember watching the tape. But it wasn't until years later that I got back in.

This will be a great company given about 3 years. I can see this stock at 100. Thank you Paul Allen for giving us little guys a chance to make a few bucks. I am sure that our interest helps you out to otherwise you wouldn't have let us join your party. Good Luck to All!!
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