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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: Chetman who wrote (36201)1/9/2000 11:57:00 AM
From: Tom Buttram  Read Replies (1) of 74651
 
Chetman, Great post re short term price movement possibilities of msft.Congrats on your cmgi calls also.I am also watching the near term for msft especially the next few weeks run up to earnings.I think our bottom was on fri.Isnt it normal for msft to have a pullback just after a big breakout like we just had?I think 120 by earnings is doable where I"ll be unloading some april 90s.After that its anybodys guess short term.for the rest of 2000 the price targets could be 130 to 160?I think strong fundamentals and earnings upgrades may do the trick along with positive resolution with the doj.Ive been long msft since 1995 and plan to add more via 01 and 02 leaps purchased when msft was at 80. Good luck Tom
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