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

To: Ed Schultz who wrote (5226)	2/24/1998 3:00:00 PM
From: miraje	Read Replies (1) \| Respond to of 74651

Ed, I think the current run-up in MSFT has about reached its peak. Sold a bunch of covered calls today to generate cash. I love this stock! Regards, JB

To: Ed Schultz who wrote (5226)	2/24/1998 4:55:00 PM
From: Joe Sabatini	Read Replies (2) \| Respond to of 74651

>>Unfortunately this person is asking the wrong question (and hence is probably a poor investor). Are value investors 'poor investors'? I think you gave an example earlier of rare art, etc. and why people value it so highly. Usually it's because of genuine rarity. There are over 2 billion pieces of Microsoft floating around, each worth less than 1/16 the asking price. When you invest in Microsoft, you are gambling on the herd mentality, not on any real sense of 'value'. Joe S.