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

To: ed who wrote (30551)	10/12/1999 10:35:00 AM
From: PMS Witch	Respond to of 74651

Microsoft started to move up in 1995 when the win95 was released. This year and next year , well, you know what will be released !!!! I hope you're right and I'm wrong! MSFT traded at about $12 when Win95 was released August 95. This was off from a $13 high set in July 95, a month earlier. The stock continued to fluctuate below this July 95 high until April 96. The low of this period was reached in January 96 at a little below $11. At the time, the conventional wisdom was that Win 95's profitability could never live up to the expectations the market had built into the stock price. I think time proved the case affirmatively for Microsoft. Obviously, anyone buying at $13, $12, or $11, would've enjoyed a wonderful half-decade since. If there's a lesson in this history, it may be that owning a profitable company's stock will be a profitable investment over time. The secret ingredient is time. Adding time to the basket brought to the market picnic will make a happy ending more probable: leaving it out risks disappointment. Cheers, PW. P.S. Obviously, I've adjusted my prices for splits.