How high will Microsoft fly? Message Board

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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: johnd who wrote (18057)	3/15/1999 1:23:00 PM
From: Teflon	of 74651

MSFT's trading pattern is starting to remind me of last Fall. Remember when the big press conferences were being held about the suit being filed and MSFT stock was diving down to $80-90 a share? Everyone was talking about the end of the long term bullish trend in the stock. The stock tumble from its recent highs down ~ $20 and people were questioning how it would rebound. Well the more I see, the more confident I am that the last month of trading for MSFT is almost a mirror image of those days. It started with MSFT racing off to $175, a new all time high. But just as that occurred, renewed pessimism in the press about the gaffs in MSFT's video demonstrations were surfacing and all of a sudden everyone was counting the days to MSFT's inevitable loss in the trial. So here we are, after dropping 20% (MUCH LIKE WE DID LAST FALL), the stock appears to be building momentum back towards a new high. The similarities seem obvious all of a sudden. So just as MSFT blasted through the $100, $110 and $120 barriers after the bad news of the suit was put behind them, I am expecting the stock to start its march towards $200 and beyond (pre split, of course). Lets just hope a market correction doesn't put these plans on ice for a while!!!! Teflon

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