How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 490.06

+0.7%

3:59 PM EST

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To: t2 who wrote (25617)	7/7/1999 1:09:00 PM
From: johnd	of 74651

tech2000, None of 5 limit orders under 90 that I put in last evening got filled. The stock opened at my highest limit but my order didn't get filled. Missed the train. DOW, NASDAQ, S&P are all down but MSFT is up 1.5 Who could be buying? Well, this could be the first sign of institutional participation on the buy side. Can't predict short term prices however. We could hit at 90 or 110 prior to earnings. But I am quite confident that the stock is selling at 45 PE for this fiscal year and that is historically cheap.

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