How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.92

+0.4%

Dec 19 9:30 AM EST

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To: taxman who wrote (21774)	4/28/1999 12:31:00 AM
From: American Spirit	Read Replies (1) of 74651

5 years ago seems like an eternity in this market. I just look at 52 weeks. Even that seems like a lifetime. To have bought any of the big nets a year ago. Boggles the mind. My dad owns Lucent at $2 a share from pre-breakup days. 99% percent profit now (please don't correct my math). Gives one perspective. But it's hard to be patient. Everyone trades like crazy on these threads. I feel like a longterm investor holding for two months. We all have our strategies and mine (for whatever psychological reason) is to watch name tech stocks which are completely tanking then continue watching them until they are in the toilet. Then to try and judge the hidden value, the way their peers are acting and to pick certain ones which for whatever reason feel about to come back strong. WIND is a prime example, down twenty points in two months with no earnings hits (or so management publicly states) and a former red hot winner. Down 60% in two months. Why? Once I realized that there whatever reasons there were were being addressed (quickly and desperately) I spotted a very low price (almost the low of the year) and struck. I bought COMS two weeks ago for the same reason. And ORCL a month ago. Maybe I would be better off buying momentum winners but this is all a constant evaluative process from which we all learn our own ways of trading (or investing). Mistakes are made and we kick ourselves but hopefully gradually we learn an angle (or give up as many do when hurt). Basically we all just learn from experience and look to others to learn more and see more. We all have limited resources and can only follow certain stocks at any one time, but when we get into a "zone of understanding" on certain stocks or sectors at certain times we are usually ahead of the pack, and that is where I want to be. You guys are clearly very sophisticated. You're not impressed with WIND or maybe any of the stocks I own. Maybe your knowledge is better. Time will tell. This is not a competition. Only with ourselves. I've learned something from just explaining msyelf here. Self-awareness may be the most important trait of all. Why we do what we do when we do it and how to control it. Why we sell when we should buy and vice versa. It's a lot like life, isn't it? And right now mine feels undervalued (ggg) Good luck.

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