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

To: ed who wrote (14427)	1/17/1999 8:04:00 AM
From: t2	Respond to of 74651

To: ed who wrote (14427)	1/17/1999 2:25:00 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 74651

I understand completely. You subscribe to the "Greater Fool" theory of investing. JMHO.

To: ed who wrote (14427)	1/17/1999 5:19:00 PM
From: nommedeguerre	Read Replies (1) \| Respond to of 74651

ed, >>If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. You may well make big mistake in judging the values of high tech stocks, and you may get heart attacks when you own the high tech stocks which had high PE , which you think so . I'm 33 but this statement is so far off-base as to the 50+ crowd. Who do you think revolutionized the electronics industry (which makes up the essence of high-tech in the U.S.) in the 60's and 70's? Who do you think is adding all that money into their 401K's that drive the market? The 50+ crowd is the stock market, they are at their peak earnings potential or retired. My generation is mortgaged to the hilt and playing the role but there is no depth to our wealth. Consumer confidence is not predictable, so can you list what indicators you look for to tell when to get out of a stock? Earnings, I am told, mean nothing; so why even bother with whisper numbers and consensus estimates as a support for higher valuations? It is purely speculative and having any in-depth knowledge of high-tech is irrelevant right now; it is better to understand human nature and what the average investor's emotions will be next week. Other than my man Reggie, I cannot remember ever seeing any analysis on this thread. Lots of confidence but no reason given for being so, other than past performance. >>What trouble Asia , Japan, South America , Canada are in ? Asia is still Asia, Japan is still Japan, Russia is little different than it was 10 years ago, South America is still South America, and Canada is still Canada as they were five years ago, Earlier on this thread, globalization was all the rage and a key buzzword in justifying the higher valuations of the market. Now it is dismissed with a wave of the hand. On the positive side, if you are also of the 30's crowd. When the baby boomers start retiring in mass we will have our pick of jobs in about 10+ years! On the negative side of course, is the Social Security burden that will come with it. Cheers, Norm

To: ed who wrote (14427)	1/17/1999 10:13:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 74651

>>If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. You made a lot of good points in your posting, ed, but the above paragraph wasn't one of them. Ah, the arrogance of youth <g>. I'm in my 50s and buy nothing but tech stocks, plus a little Geritol of course. Visit the dell thread sometimes and read Dorine's posts. She's 70 and has most of her money in dell, but she loves to take fliers on the I-nutz (I think she had a 5 bagger in sykm just before New Years Eve). You're a bright guy and probably making a killing on the market, but don't get the idea you've invented tech trading. I love Mr. Softee, Uncle Frank

To: ed who wrote (14427)	1/18/1999 11:19:00 AM
From: carl a. mehr	Read Replies (2) \| Respond to of 74651

ed, Re:-"If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. You may well make big mistake in judging the values of high tech stocks, and you may get heart attacks when you own the high tech stocks which had high PE , which you think so " A humbly must say that you are wrong (or should I have said 'full of sh*t'). Look at my portfolio listed in my profile. For the last 8 years I have made a portfolio gain of about 62% compounded yearly. If we have to include my first year of stock investments the figure for the 9 years is about 42% compounded yearly. I really look at the first year of losses (50%) as tuition paid of a "crash" course in money management, and as such should not be included.<vbg> humble carl

To: ed who wrote (14427)	1/18/1999 12:39:00 PM
From: VinWood	Respond to of 74651

If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. Who do you think built the high tech industry. This was accomplished before you were born by a generation that is now over fifty. Correct me if I'm wrong but you appear to be a recent immigrant from China (your broken English shows through, eg."What trouble Asia") and you already think you know everything about American High Tech.

To: ed who wrote (14427)	1/18/1999 2:29:00 PM
From: Mike Milde	Read Replies (1) \| Respond to of 74651

The last of the fools has finally jumped in. Seems we're at the top. Ah well. It was fun while it lasted. Unless... Hmmm... Do you have a brother, Ed? Ed wrote: " If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. You may well make big istake in judging the values of high tech stocks, and you may get heart attacks when you own the high tech stocks which had high PE , which you think so . "

To: ed who wrote (14427)	1/18/1999 2:39:00 PM
From: John Carragher	Respond to of 74651

ed I guess you missed going from paper to basic machine wired systems. to the 029 card sorters. You missed going from cards to tape and finally to disc. You probably never had the experience on having someone drop tons of cards<g> or load the sales files on an unprotected disc. You believe each new generation of equipment just jumped in without us folks debugging the old 1400's & 360's. get with it before we pass you bye.

To: ed who wrote (14427)	1/18/1999 11:26:00 PM
From: DownSouth	Respond to of 74651

If you are in your 50s or over, you are in another generation , and High Tech stocks are not for you, because you may not under stand the high tech industry, and the importance of High Tech industry to the US future. You may well make big mistake in judging the values of high tech stocks, and you may get heart attacks when you own the high tech stocks which had high PE , which you think so . Sorry, ed, but I can't let this one pass. I assume you are in your 30's or less. I was in high tech when you were in diapers. I have watched information technology grow from 2nd generation IC computers to what we have now. I have programmed more languages than you speak or program. This statement shows how naive you are and how you really don't understand technology, its history, or its future. I have made my living in high tech since I was 21 years old, before there were even Computer Science majors in college. I now invest in high tech, have my retirement secured and am working on my kids fortunes. And I am not alone. I have many friends and colleagues "in their 50s and older" who are doing very, very well with their high tech investments. So don't be such a smart a__, smart a__!

To: ed who wrote (14427)	1/19/1999 11:05:00 AM
From: PMS Witch	Read Replies (3) \| Respond to of 74651

"If you are in your 50s or over..." Yet another 50s thing viewpoint. Yes, many people seem to slow down as they age, but are they really? They have a greater storehouse of knowledge and experience to sift. This takes time. As time goes on, we all learn -- more time = more learning. Simple enough. As far as technology goes, the pace of change is quite rapid. Maybe too rapidly for those not directly involved on the leading edge to keep abreast. If one's strength is NOT in the latest technology, they may be wiser to not compete where they are not well equipped. However, on this thread anyway, we're investors. As such, we need to be familiar with those things which effect our investments -- the market, the financial performance of our companies, option strategies, and such. In this arena, the over 50s experience, patience, and perspective, can leverage their (usually) larger capital pool to great advantage. Although they may not see trees as well, they often see forests much clearer. Just my thoughts, PW. P.S. I'm under 50.