How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: t2 who wrote (22518)	5/11/1999 4:16:00 PM
From: Sir Francis Drake	of 74651

t2K - as you can see there were some strong reversals - MSFT ran up to $81 and then down to 79. I was just cautioning that reversals can happen, and buying when MSFT seemed to run today, was risky - and it did close barely above yesterday, and below $80. Yes, the internets were bullish on the heels of the IPO news, and the AOL upgrade, but even many nets reversed (eg NITE). The run started with the productivity #s, but I figured there could be a selloff based on bond trading. We'll have to wait for tomorrows #s. Too bad MSFT didn't close above 80 - it would be nice to have a cushion, but so be it. Morgan

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