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

To: ToySoldier who wrote (18718)	3/24/1999 2:56:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

ToySoldier - two wrongs don't make a right. I can probably dig up someone who thought MSFT would sit at $500 by this Friday. That STILL does not make any of your predictions right. The point is really simple. At the time you made your prediction about LAST Friday's price, the argument was whether to be bullish or bearish on the stock. You were bearish, and you made a price call. You were disastrously wrong. Following your prediction, a person who went short, would've lost their shirt. The person who followed the bullish call and went long would sit on a very substantial gain (even at the lowest point today - it was 13 points above your prediction - on a 1000 shares - my ususal trading block - that's $13,000). Bottom line - the bullish direction was the right call, no matter the price. The only question for a trader would've been - did he make GIGANTIC profits going long, or "only" HUGE profits. Your call, sir, was a disaster, any way you slice it. I repeat: refrain from posting price predictions - if only to preserve a scrap of credibility. As the old saying goes: it is better to be silent, and be suspected of being stupid, then to open your mouth and remove all doubt. Stick to what you are good at: bearish arguments against the business of MSFT. Price predictions are your glaring weakness - as your record starkly illustrates. Good luck with all your investments.