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

To: Dan Spillane who wrote (14780)	1/20/1999 1:12:00 AM
From: Uncle Frank	Respond to of 74651

Dan, you list Mr. Softee as one of your favorite stocks, but the first post I see from you to the msft thread is 1/19. And on that day, you made 10 posts, all with references to severe downside for msft based on Y2K problems. Why are you hammering on this point during earnings evening? Are you long msft or are you short and hoping to influence the price tomorrow (which is impossible)? Happy trading, Frank

To: Dan Spillane who wrote (14780)	1/20/1999 1:34:00 AM
From: Alan Buckley	Read Replies (3) \| Respond to of 74651

It seems those worried about Y2K are far more concerned about when customers will buy MSFT products rather than if they will buy them. This, to me, is wrong-headed. Even if Y2K reduces demand short term, it is by postponing purchases, not by eliminating them. I suggest that buying and holding for a mere 2 years makes the whole thing a non-issue. In my experience, timing the market is a zero sum game, not investing but speculation. I've held MSFT for 8 years now and think I understand the company pretty well. However, I still can't say with any confidence at all what the stock will do tomorrow or 3 months from now, and had I tried would have missed a fair portion of my profits. However, I believed and still believe that on a 10 year time-frame MSFT is a very sound and relatively safe investment. Buy and hold...it works, people. It makes you rich. It leaves you relaxed. Highly recommended. OK, end of sermon. Amen.