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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: ed who wrote (14148)1/11/1999 7:49:00 PM
From: t2  Read Replies (1) of 74651
 
Ed, It looks like MSFT starts presenting its case on Wednesday. This along with earnings getting closer should put a lot of movement into this stock. Volume was relatively light today. I am still betting on an upgrade.
More importantly how could a MSFT analyst not raise the price target on this stock. Just look at what it has in addition to the net.
Given the decline today, such an analyst move would be best tomorrow because it would make the them look better (everybody wants to predict what they guy at CIBC Oppenheimer did with Amazon.com).

I am now starting to think your estimate of 200 is within reach given the incredible moves in the net stocks. I think some analysts also want to a make a name for themselves and will start making moves.
However my Jan 145 and 150 don't look too good right now. I wish they expired next week. Am I worried? NO!!!

BtW, the Merrill Lych analyst who upgraded AOL today was also the one who said Amazon.com will drop to 50 at the same time CIBC Oppenheimer raised target to 400. Amazed!!
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