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

To: xstuckey who wrote (9158)	7/13/1998 10:36:00 AM
From: Moneysmith	Read Replies (1) \| Respond to of 74651

Microsoft is the company everyone would like to own. but they are afraid to buy it. This has been the case for quite a while..it is hard to swallow such a high PE and price and then there is the anti-trust issue. This stock has the power to elicit more than just the usual fear and greed it also generates some degree of envy. So existing shareholders rarely sell and new buyers come in and bid it up; these buyers are not afraid to pay up because "they believe" and because they are probably showing MSFT as an underweight in their portfolios. If this pyramid should ever falter look out.I am using options to protect myself.