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Technology Stocks : How high will Microsoft fly?
MSFT 477.74-2.5%3:59 PM EST

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To: J Krnjeu who wrote (25738)7/8/1999 6:03:00 PM
From: Sir Francis Drake   of 74651
 
<OT>JK, it is my personal opinion that nobody can truly answer your questions. One can perform short-term TA for a reasonable likelyhood of being correct (it is all probabilities anyway), but longer term... you'd have to look at it more from an investor pov, and so look to FA.

In that case, the crystal ball is exceptionally murky. The net is evolving so rapidly, that I honestly don't think it is a slam-dunk to say "AOL is MSFT in the early days". This is not KO, where you can have a semi-reasonable discussion of where they'll be in 5 years.

So long term - I'll take a pass at your question. Shorter term, I don't see AOL "splitting and running up to 150-170 again". In fact, I kind of see the 150-160 level as a significant hurdle this year already, never mind splits. A lot depends on how this summer rally works - but I am not starry-eyed from what I see of AOLs technical performance recently. I'm sure I'll catch a lot of flak from AOL bulls, but that's my take.

Edit: my remarks about AOL price are relevant only to the rest of this year.

Morgan
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