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

To: K. M. Strickler who wrote (4859)	1/30/1998 11:59:00 AM
From: Paul Fiondella	Read Replies (5) \| Respond to of 74651

One question on investor psychology --- Are people on the thread buying? I bought MSFT in December at 118. Of course I sold it within a week at 131 and change. Now I didn't see many buyers out there when I was buying. Today I see a lot of buyers. Are we seeing a buy at the top phenomena by people not already into owning the stock? Or are people really adding to their positions? I'm kind of curious as to whether people on this thread have actually been buying at these prices or merely getting optimistic now that what they own is back at the high? There is a difference as I'm sure you are aware. ====================== The tobacco company analogy is quite interesting. It will even be more so if ADSL or cable modem access ever gets to the home. (PS. They still have to figure out what to do with it and MSFT has created almost no incentive for innovation with regard to their monopoly. In my opinion it is not much different from where IBM was when they had an 8086 in their displaywriter product. Didn't go anywhere because it wasn't an open system. Similar situation for MSFT. A monopoly eventually tosses tons of money at a new market without effect and then loses out to a company that can make the new market work. In the case of the Internet, MSFT bought one of the leading companies and put the other one virtually out of business by giving away the browser and the web server for free. They may miss the boat on the next market because there are no obvious innovators to copy. I've never seen MSFT make a market have you?)