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Technology Stocks : How high will Microsoft fly?
MSFT 491.12+1.7%3:59 PM EST
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To: t2 who wrote (21344)4/22/1999 8:10:00 PM
From: Teflon  Read Replies (3) of 74651
 
t2k,

I can understand why you sold out of some of your MSFT. For me, I just cannot do it. I have owned this stock for over six years and have never sold share one. And I don't expect to anytime soon. History has taught me over and over that over the long haul, this is the best stock to own. It provides steady profitable moves to the upside and protects my investments when the Market takes a beating.

Keep in mind that I think most people are getting too used to seeing these twenty point moves in many of the other tech stocks (internets especially) on a daily basis and I think this is causing some long term damage from an investors perspective. All of a sudden, stocks like MSFT that just don't have those massive moves to the upside in one day are actually being pushed aside as people scramble to buy up YHOO and BCST. The downside in these stocks is very painful, however.

I, for one, am quite happy with my MSFT shares doubling every year. I will not sell any of these shares to buy any other stock on the planet. There is insurance in holding the best stock trading today. And I certainly don't want to be out of MSFT the morning that the Street wakes up and decides that MSFT is an internet stock. And that day will come.

Teflon
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