How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 491.25

0.0%

10:01 AM EST

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To: johnd who wrote (6263)	4/28/1998 6:11:00 AM
From: Moominoid	of 74651

MSFT could go down until there is buy support from the company. Microsot stated that they didn't buy stock last quarter because it was overpriced. I would think that around 80 to 84, or around the 50 PE level, they might start buying back and may provide some support. The overall market is quite vulnerable and could bring down MSFT with it for a while. 85 or so seems pretty reasonable to me for the short term. However, the London market is up today so far. It will be interesting to see what happens when NY opens. David

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