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Technology Stocks : How high will Microsoft fly?
MSFT 478.47-1.0%Dec 12 3:59 PM EST

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To: mxyztplk who wrote (1558)6/14/1997 10:51:00 PM
From: johnd   of 74651
 
MSFT while may not go down could rest for a while.
Even at 3.00 EPS for calender 97, the current 130
puts it a 43 PE.

The overall market is overvalued at this point. If
you guys are short term, I think it is time to be
thick skinned. I don't think MSFT will go down
below 118 or so.

On the otherhand, if the overall market remains bullish
I do see a 170 by year end as 3.00 times 57 PE will get it
there.

The range going forward 118 - 170 till the end of the year.
(disclaimer: I have been wrong before, many times)
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