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


To: Reginald Middleton who wrote (10196)8/19/1998 4:07:00 PM
From: Bearded One  Read Replies (1) | Respond to of 74651
 
This is your only valid point, but you misstated it:

Nothing much. Consider: Suppose the US government said it would never buy back its dollars with gold and its dollars will no longer be supported by the gold standard. What did happen to the price? history doesn't lie!

As long as people consider Microsoft stock to be like money, then faith in Microsoft will keep the stock price at a certain level irregardless of internal value.