How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 488.58

-1.1%

11:06 AM EST

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To: PMS Witch who wrote (53816)	12/5/2000 3:49:23 PM
From: Valley Girl	Read Replies (1) of 74651

Anyone who followed my advice last year will be considerably poorer now. Those who did the opposite have prospered. Not really. I did most of my selling at an average price in the mid-90s. I paid very steep taxes on years of cap gains for the privilege. Except for cash, my alternative investments have been a mixed bag and approximately a wash (for every big winner like SEBL there's a loser like TXN). If I bought back my position at today's price I'd be ahead a bit (on shares, not market value), plus of course the hard-to-quantify benefit of readjusting my tax basis. Overall, if MSFT can rise out of its grave and get back to, say, the mid-70s, it'll be a break-even. Above that point and I expect the patient long-term holders are ahead. The main benefit was/is psychological: the stomach-turning drop below 50 was a lot easier to take with a small position than a large one. Cheers!

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