How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.06

+0.2%

Dec 9 3:59 PM EST

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To: johnd who wrote (14903)	1/21/1999 4:28:00 PM
From: GST	Read Replies (1) of 74651

johnd -- Let me say upfront that I am short MSFT -- for the reasons in your post. I think MSFT is the cream of the cream in many respects, but due for a pullback. I went short after the earnings by the way (with some serious doubts about my own sanity). I am posting because of what you said about the net stocks. If MSFT is the cream, the nets are something far less tasty. I don't think the markets will be on solid ground until the nets have been given a very ugly beating. That is about half way through happening now. I would be more inclined to reverse my position on MSFT after another week or so when the nets have been taught a lesson -- there is a difference between hype and great companies. The market has lost sight of this for the moment.

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