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

To: PitBull who wrote (5673)	4/3/1998 10:30:00 AM
From: Qualopec	Respond to of 74651

Just dollar-cost average in, and you'll get a low average price without missing out on the constant rise. I just bought more when it hit a new high yesterday. Good Luck, Justin

To: PitBull who wrote (5673)	4/3/1998 12:51:00 PM
From: John Chen	Read Replies (1) \| Respond to of 74651

enthusiastic,re:"when to jump in". This question is easier to answer now than when MSFT announced the 'positive earning surprise'. If money is going after you, you'll get it. If money is not going after you, you will lose it, somehow. Sorry, no TA info. here, just philosophy. If MSFT becomes 50% price appreciation annually vs. 100-300%, you would still be better off. Someone suggested dollar-cost average seems to be an excellent idea. Say you buy at 100 now, buy at 90 later, buy more at 80, and then the stock goes to 120. You figure it out. You have to believe in yourself and the stock and keep doing what you believe. Sad to me, I did not do what I (and wife) believe. We got lucky to have bought some before the announcement. We knew(or think we knew) that 86-87 (Jump) was the NEW BOTTOM. We meant to buy more but still waiting like you. Now we are hoping the market crash so we can buy more (what a stupid idea, considering my mutual fund will also tank). Honestly, I hope I have better things to do than watching stock market. It's not worth it. Just keep buying and don't look at it. Diversify also. MSFT is the ONLY high tech company just keep going up and up with 10-15% correction once in awhile. All other high-tech leaders still suffer the cyclical nature of business. Let's say MSFT hints win95 may not work perfectly with other NEW stuff and ALL YOU people have to buy win98. What are you going to do if you have a PC. $30-$100 upgrade is not a big deal to an individual with a PC, you know how much MSFT get. I wish I knew. It's much more than my 100 shares.

To: PitBull who wrote (5673)	4/3/1998 4:05:00 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 74651

E, You'd be nuts to buy Microsoft at these levels. They're at an all time high, and their p/e is over 60, which is insane! Of course, this is the same scenario I faced at the end of January last year when I bought msft at a presplit of 102 1/4. I had watched the stock for 9 months, waiting for the dip that never came, when my wife advised me to quit whinning, buy in, and take my lumps. It did retrace briefly for a few points, but as of yesterday I'm up 78% in a little over a year <ggg>. Just remember, these guys have a monopoly on the operating system that runs 90% of the pc's in the world, and I think they charge the same amount to the box makers regardless of the retail price of their system. It's hard to think they're gonna crash (but I'm sure someone will tell you how they will!). You can buy in now and take your lumps, or wait for the big correction that may never come and kick yourself later when 92 1/2 looks like a bargain. imho, Frank

To: PitBull who wrote (5673)	4/4/1998 7:37:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 74651

Enthusiastic, I will jump in here with my 2 cents worth. Having read the responses to your post I would have to agree with the dollar cost averaging suggested by the others. I have invested and trader MSFT for several years now(pre WIN95). Everytime I was totally out of MSFT I grieved so much that I am never totally out of MSFT! If I sell all my shares in anticipation of a pull back and it does not come in a day or two, I immediately buy back in(at least a small position)just to settle me down while I wait for a pull-back. First, you need to decide how much you are willing to invest in MSFT. Lets assume that is 300 shares. I would buy 100 now(this will settle your nerves until you can get a pull back - which IMHO will come, if not from a market correction, from some bad press or the like). Then, if you are not in a position to watch the market daily go ahead and put in a limit order "GOOD UNTIL CANCELLED" for another 100 shares at the price you feel MSFT will pull back to. Lastly, save the other 100 in case it continues below your limit order. I would not buy the last 100 until I saw it pull back off a bottom of some sort. Personally, I use TA to determine the pull back price for setting my limit order. Looking at their chart as of 4/3/98, my limit order would be 86 or 86 1/8. I think it could go a little lower (85 to 85 1/8), but I am willing to give up the little extra to be sure I get filled. If MSFT CLOSES below 84 to 84 1/2, I would look for the next stop to be 80 to 80 1/4. BWDIK These is MY views and you should read this with that in mind. I would feel terrible giving someone bad information that cost them money!!! Good Luck, Monty Lenard