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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 9:30 AM EST

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To: John F. Dowd who wrote (9902)8/1/1998 4:00:00 PM
From: Frank Ellis Morris  Read Replies (1) of 74651
 
Good Afternoon John,

I applaud your analysis and surmise that over the years we will always have something to be concerned with or issues that seem to focus on the importance of the market. In the very long run historically somehow, someway the real champions seem to become stronger and reward those shareholders who practice patience and steadfastness. Sometimes it seems like the easiest thing to do is to throw in the towel and hope to get your stock back and a much cheaper price. This involves guessing when to get out and get back in. I have found that this just does not work and it is simple gambling. The stock brokers love for the masses to do this since they create all those commissions. The only sure thing about the market is that it will be uncertain.I choose to invest in the proven titans because when the market sours for any reason I do not want to worry about the chances of my investment combing back to life. Let take an example with Dell Computer. If you invested $1000 in this company in 1990, your investment would now be worth $400,000. Of course who knew the success that Dell would have been since that time. Now going forward we can appreciate that this company has at the helm a brilliant leader who like Bill Gates is ingenious, works to achieve results for their shareholders. I am not looking for another 10 years of performance like the past but if Dell and Microsoft increase another just another 10 fold over the next decade, I am out of here and under the palm tree with my laptop, sunblock, and hammock resting while my big cruise ship waits to take me on a long sea voyage. These are the greatest goldilock times and I do not see any reason for panic in the market but continued corporate growth, low inflation and a friendly monetary policy.

long live Dell and Microsoft!! Michael and Bill keep your eyes on the ball all the time as we shareholders are proud of your accomplishments.

Best Regards
Frank
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