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

To: soroush who wrote (62635)	11/5/2001 5:22:46 PM
From: Dave	Respond to of 74651

But once things turn around, the big guys will be the first to move big time. I sincerely doubt that. I think it's a much safer prediction that when this speculative mania has finally subsided and investors once again consider value as an important stock-picking criterion rather than just following the speculative herd, those stocks that are undervalued will outperform those that are overvalued. That sounds pretty basic, doesn't it? But it bodes ill for those stocks whose prices have held on stoutly in the face of plummeting economic fundamentals, like MSFT and IBM. There is simply no reason to predict that these stocks, which are still within spitting range their 52-week highs, have dramatic upside potential. Now I'm not saying (in this post anyway) that either of these is a bad COMPANY, just that both are bad investments, right now, at their current prices. Dave