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To: bob zagorin who wrote (1213)	12/22/1998 5:51:00 PM
From: Dhirubhai Pereira-Abastado	Read Replies (1) \| Respond to of 1354

The story always sounds so good as Mike tells it...Then...he says they don't get it. Its too bad that MM knows what a stocks price should be so much better than the market. He lives in some world where his mumbo jumbo makes sense. And yes, for all the losers, once in a while he picks a winner.

To: bob zagorin who wrote (1213)	12/23/1998 6:26:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 1354

IMO this "wait to buy" attitude of his is a MAJOR problem, and one of the reasons he's done so poorly in recent years. He'll see a stock that is beaten down, but has great products, good market share, good R&D, and everything else going for it. Then he'll say "wait to buy" because we need to see a bottom first, it's likely to become an EVEN BETTER value, blah blah blah. Of course, the bottom is usually visible only in hindsight, and long after the stock already started a clear upswing. He did the same thing with the datacom companies a couple of years ago and missed out on EASY 100%+ profits in just a few months because he "needed to see a better value". On the flip side are those companies which he claims "have seen a bottom" and continue dropping. At the moment, everything he says about PSFT is true. On that basis it is a buy. If it drops off a bit in the new year, I'd accumulate more, but even at these levels it's a buy for a long term hold. I find lots of value in his insights into some companies, but find it necessary to temper that with my own experience and insight. The timing is terrible and I frequently make up that part on my own. mg