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Re: eibbanker post# 6907

Wednesday, 12/17/2003 2:14:53 PM

Wednesday, December 17, 2003 2:14:53 PM

Post# of 29858
Correct eibbanker. Microsoft was never a penny stock, yet it's been touted as such time and time again on the message boards. I agree that any such false information should be refuted (a better word perhaps than 'discredited') and the facts presented.

Here's the historical pricing for MSFT: http://snipurl.com/3gmp Notice that the company's forward splits over the years show a split-adjusted price of a dime or so back in 1986 when it IPO'd. Charts that use the split-adjusted pricing are probably the cause of the MSFT_as_penny-stock myth.

That the price here is stagnant would seem to be the result of at least these two factors: 1) Stunder's claims of diamondiferous finds are not corraborated by any qualified independent third party; and 2) there seems to be no shortage of shares available for sale.