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To: Reginald Middleton who wrote (60)7/26/1998 6:00:00 PM
From: Hoatzin  Respond to of 253
 
Good point Reggie. I gave you the beginning and the end, but left out the middle.

So that my earlier post does not stand as a lesson in what NOT to do (1. Read recommendation of stock on SI 2. Buy stock.), let me fill in the middle of the story, which might be informative for others.

Even though I work in the "Information Technology" field, I had never considered MSFT as a stock to buy, even though I was aware that it had been going up consistently for years. Perhaps I was "blinded" by common perceptions of MSFT's products - not "robust" enough for the mainframe MVS/DB2 crowd, very un-cool with the UNIX/Sun/Oracle crowd.

I also had the perception/misconception that it was a heavily followed (and well-understood) stock, analyzed to the nth degree by Wall St.

Your analysis me aware of how MSFT is one the most amazing (legal) money machines in the history of human society, yet is not often acknowledged as such. Nor priced as such by "the market." And most media coverage is/was negative ("Win98 just a lame upgrade", anti-trust headlines, Gates the geek, blah, blah blah...)

Of course, when "Reggie's MSFT Analysis" is famous, and his conclusions become the conventional wisdom, it will be time to sell! (g)

Is there a lesson for anyone in there?