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

To: David Howe who wrote (62027)	10/23/2001 2:45:00 PM
From: David Howe	Read Replies (1) \| Respond to of 74651

By the way, while I like MSFT, I'm not bullish on the short term direction of the market. The next year or two are going to be rocky, IMO. I have enough invested that playing short term swings makes no sense. I have to look long term and long term I think the Dow and MSFT should return about 8% per year. If 8% isn't acceptable to you or the average traders, then we are discussing different investment methods. I don't need anything better than 6%, 8% would be gravy, and I'm hoping the next 20 years provide something in that range. Dave

To: David Howe who wrote (62027)	10/23/2001 2:45:29 PM
From: Timetobuy	Respond to of 74651

But you can compare P/S of msft to what it's had in the past and it's still high. TWICE what it has had in the past. I also feel it's fairly valued here. That's why I'm not really all that concerned with my call that it's not going to new highs. As an aside, I feel that there are plenty of other techs that are way overpriced. So, when I hear the bulls say that we're going up a lot more, I wonder why no one learned to look at valuations in the last two years. I think we trade in a range while valuations catch up and earnings increase again. I can live with that just fine.