How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 473.99

+0.4%

Nov 24 3:59 PM EST

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To: Dan Spillane who wrote (14780)	1/20/1999 1:34:00 AM
From: Alan Buckley	Read Replies (3) of 74651

It seems those worried about Y2K are far more concerned about when customers will buy MSFT products rather than if they will buy them. This, to me, is wrong-headed. Even if Y2K reduces demand short term, it is by postponing purchases, not by eliminating them. I suggest that buying and holding for a mere 2 years makes the whole thing a non-issue. In my experience, timing the market is a zero sum game, not investing but speculation. I've held MSFT for 8 years now and think I understand the company pretty well. However, I still can't say with any confidence at all what the stock will do tomorrow or 3 months from now, and had I tried would have missed a fair portion of my profits. However, I believed and still believe that on a 10 year time-frame MSFT is a very sound and relatively safe investment. Buy and hold...it works, people. It makes you rich. It leaves you relaxed. Highly recommended. OK, end of sermon. Amen.

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