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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Mr Logic who wrote (197)	3/11/1998 7:32:00 AM
From: Raptor	Read Replies (2) \| Respond to of 4509

Patrick .. I am enjoying this discussion - three points to cover: 1. The chart you referred to at quote.yahoo.com - do you know why charts like this have wide spreads on the vertical axis at low dollar values and the spreads narrow as the dollar value per share increases? I believe I heard an explanation for this at one time or another. 2. OK, let's say I was in the position you describe today. I don't really see any difference from when I was actually in the position of starting serious PSFT accumulation. The stock was growing then, it was relatively expensive, etc. The only difference I see is that there would be a lot more history looking back and I would regret even more not making, or being able to make, a move sooner. I might not want to be buying it at new high levels, but it is neither at $10 or $150 as you mention in your example. Another point - I have been sitting around waiting for a buying opportunity, thinking a dip might occur and the stock has climbed steadily past 40 to over 48 now. If I was in the position in the last month and hesitated, the stock is now even more expensive, so the quandry begins again. I don't know the perfect answer, but anyone who bought this stock at any time since it went public is ahead this morning. 3. Re: the mortgage. As long as PSFT is outpacing the monthly interest payments by a significant margin, I am not worried. Of course, the big picture, long term prospects for the company need to stay in place. You see, I could sell some stock and erase the mortgage, but I will lose future growth potential. Why not borrow money if you have reasonable confidence you can make more in investing than you have to pay in interest? And the government lets you deduct the interest from income. I could see you suggesting to sell some PSFT and diversify more, but I don't agree with killing the investment loan (aka mortgage). The investment loan/line of credit is in form of mortgage so I could get the lowest rate possible. BTW, this investment line is the only mortgage on the house. I would have a different opinion if I was still saddled with owing on a first mortgage.