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Technology Stocks : How high will Microsoft fly?
MSFT 483.03+0.5%Dec 5 9:30 AM EST
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To: Sam Citron who wrote (16353)2/18/1999 5:29:00 PM
From: jim shiau   of 74651
 
>Actually these opportunities present themselves about once a year. Last year's Oct. low was 26.7% off its peak. In 1997 there was about a 23% drop from peak to trough. We are now down only about 18.2%. Not so unusual.

I use 200 days MA to measure how low MSFT can go, and based on my experience, MSFT always bounce away from it, including last 2 times you just mention. So, the low it can go this time is 120. It is really sad to predict how low can it go instead of how high will it fly.
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