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

To: rudedog who wrote (30364)	10/3/1999 7:54:00 PM
From: larry	Read Replies (2) \| Respond to of 74651

The talk I heard from MMs is that since everyone is practising these tricks (our beloved CSCO & LU are experts at these), MSFT looks relatively clean. However, compared with standards set 20-30 years ago, these business practices certainly are illegal. However, I don't see any gradual improvements in this regard. Everyone is in a catch-22 situation. The market cannot crash for the sake of US corporations, stock holders, Wall Street......otherwise we are heading into a deep depression that probably requires decades to overcome. The valuation multiple will have to expand and the new wave economists will have to come up with some genius explanations. I truly believe that before we head to the eventual crash, Wall Street analysts will fiercely pound the table on CSCO for its being treated like a piece of shit because it's traded at 'its historically low forward PEG' at 10!:) The best lesson that the great bull market has taught us is to cash in $$$ and not ask any questions. Just don't leave anything on the table when the party is over. good luck, larry!