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Technology Stocks : Microsoft - When to short
MSFT 517.03-0.2%Nov 3 9:30 AM EST

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To: Sowbug who wrote (12)12/10/1997 9:36:00 AM
From: Mike McFarland  Read Replies (1) of 96
 
I have not given it too much thought, but I would
guess a huge organization such as Megasoft has got
to have some terrific accountants who can do pretty
clever things to earnings, keeping them stable
quarter to quarter and near estimates. The question
is, in this market, with historically high valuations,
with the Asian mess at its worst now, and with currencies
in trouble, gold in trouble etc etc...what is real
quality. Not the highest flier of all I think! Maybe
safety is in cash...thats where I fell pretty comfortable.
Thats where fund managers will wish they were to a greater
degree a couple months from now. ("this time it's different)
yeah right.
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