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Technology Stocks : How high will Microsoft fly?
MSFT 475.18-0.7%3:43 PM EST
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To: t2 who wrote (28451)8/21/1999 9:17:00 AM
From: Teflon  Read Replies (1) of 74651
 
t2k, my gut tells me that we are nearing the end of the MSFT consolidation phase, and this puppy is poised to head higher in the near term. These numerous articles discussing the demise of MSFT that have been hitting the wires of late have been doing us a great service. Reminds me of the old saying, "sometimes you need to take one step backwards to take two steps forward."

I cannot help but believe that all of this recent press is weighing on Jackson as he moves towards his finding of fact. He certainly doesn't want this to be overturned in the Appeals process so he must be keeping tabs on what's going on in the Market on a day-to-day basis. I just don't see how he couldn't. And the reality is, if one was to believe all the press of late, the competition is doing just fine on its own without any help from the DOJ.

With time, to me, it really doesn't matter. MSFT will thrive. The fact is, MSFT has built a beautiful trading base at these price levels which should sustain a wonderful, lengthy run into "new highs" territory, and protect us against any serious move to the downside. All in all, I am getting more and more bullish on this stock (if that's possible!) with every passing day.

Teflon
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