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

To: PMS Witch who wrote (36358)	1/13/2000 8:37:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 74651

Hehehe...you don't have a clue.

To: PMS Witch who wrote (36358)	1/13/2000 10:54:00 AM
From: Valley Girl	Read Replies (1) \| Respond to of 74651

Looks like you were right, at least about the short-term direction. If you believe the year-end target is 120ish, that's not so terrific for those loading up on it now. Or do you think that's against a backdrop of a general market decline?

To: PMS Witch who wrote (36358)	2/26/2000 10:55:00 AM
From: PMS Witch	Read Replies (1) \| Respond to of 74651

This decline looks like it will persist a little longer than I predicted. I expected to see some signs of the selling running out of steam by now, but I don't. When I originally said I hope to buy at $90, I was expecting to act during an irrational spike downward to capture a true bargain. Things look different now. The erosion has been slow and steady and I see no signs of buyers and sellers reaching equalibrium. As time passes, this decline looks more like it will experience a 'sharp' reversal followed by 'jagged' climb than the traditional base building followed by a steadily accelerating escalation. Unfortunately, it is much more difficult to 'read' this topography than following the well established signposts we've become accustomed to. The big question is how to profit from this, or equally important, how to avoid losing a big pot of gold if things don't work out. Fortunately, with Microsoft, the underlying company is highly profitable and successful -- meaning that in the long term we win no matter where we buy. The small question is where to buy. If we get a traditional intermediate bottom, this question is easily answered. If we get the 'jaggies', I'll find a comfortable seat and watch one or two pass me by while I get the 'feel' of them before I act. The shares I bought at $100 a few days ago could've been acquired now at a much better price. That's the nice thing about investing -- it keeps one humble. I hope I won't be posting in a few weeks about how the shares I bought at $90 could've been mine for much less had I waited a few days then too. Cheers, PW. P.S. I think Greenspam's doing a good job. Given mandate of his position and the tools he has at his disposal to carry out his duties, the results he has achieved are nothing short of spectacular. P.P.S. I own Cisco shares. In the last decade, the days of both Cisco and Microsoft performing well at the same time have been very, very, few. My Cisco holdings support my overall portfolio performance today just as my Microsoft holdings have saved my bacon when Cisco fell from grace in 1994. I've experienced tough times with both these companies and I expect I'll see more again.