How high will Microsoft fly? Message Board

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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: GTC Trader who wrote (5044)	2/10/1998 1:44:00 PM
From: Arik T.G.	of 74651

Hi Happy Bids, >Do you still believe that MSFT will fail to break this level? Frankly, I havn't the foggiest. The stock is currently overbought after the tremendous run from 118. This means it'll be tough going higher without some counter action. On the other hand, the whole market has gone nuts, bidding stocks higher day by day. The Dow reaching new all time high, and could blow off to 9000 and over in a month or two, just like May-July '97. Saying MSFT cannot go over any fixed price is now without substance. Let's play it by ear. What was true in July '97 is no longer valid, after all, the economic environment is hardly better (earning growth forecasted is now lower) yet the indices are higher. ATG

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