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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (28082)	8/11/1999 6:00:00 PM
From: Sir Francis Drake	Read Replies (2) \| Respond to of 74651

True enough Gerald - but it's funny how blind the market can be even when it seems something is quite obvious. Since linux is growing like a weed, and Red Hat was a company with perhaps the biggest name association with linux - it was rather obvious that when they go public, they'll rocket. All I did was state the obvious. Since everybody is looking for the "sure thing" or as close to it as one can come, I thought I'd point that out - it was as much of a "sure thing" as is possible in the market. OK, now since this was so obvious, as you say, and I agree, I have a simple question: did you buy any RHAT today? There were several chances - as is the case with IPOs, of course it rocketed right out of the gate - but it was relatively easy to buy it below what it closed at today. Of course you could have traded, and I did that too. Question: since it took as much insight to predict that RHAT would be hot (at the time, I said that I'd be buying) <<as saying that the Sun will be hot and bright at noon in Phoenix>>, my question stands: Did you do the "obvious" thing, and buy RHAT today? At what price? Followup question: Where will RHAT be tomorrow, or Friday? According to you, it takes no insight, so I assume that you bought a boatful (I'm guessing that you are in the market to make money). If it is going up tomorrow did you buy it? If not, why not? Or is it going down tomorrow and you'll buy cheaper? Or maybe you don't care about making money? What better place to make it on than a sure thing that requires as much insight as knowing that the sun is hot. I'd appreciate answers to my questions - especially as to where RHAT will be over the next few days, and did you take a position. I prefer to post my puny "non-insights" ahead of time, rather than lecture anyone in hindsight about the obviousness of their "insight", but it is a free country, and people can post whatever they like. Morgan