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

To: johnd who wrote (42189)	4/15/2000 5:45:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

MSFT is where it is because it couldn't buyback after visio. Dec. Q they bought 40 million stock at around 89. They also have lot of put strikes open from 75 to 85 or so. I believe MSFT will buyback soon, may be this week or as soon as they can. BTW, I read a demographics vs. dow article in Fortune or Biz week about 2-3 weeks ago, that said, DOw should beat 40000+ by 2008. I believe that. I think we will benefit keeping the long view and taking short term actions based on long view.

To: johnd who wrote (42189)	4/15/2000 5:48:00 PM
From: Jacob Snyder	Respond to of 74651

re: How about NASDAQ going to 0? Extrapolate any trend far enough, and you can come up with an absurd result. You're knocking down a straw man. But, it is true that, in the past (for decades at a time), most investors thought of stocks the same way we now think of playing the lottery. My wife's mother has never invested in anything but government bonds, because she remembers the 1930s. The sentiment pendulum has swung to the other extreme (zero risk premium for stocks), and will now swing back again. And probably overcorrect, as it usually does.