How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.65

-0.8%

Dec 31 3:59 PM EST

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To: Jill who wrote (26362)	7/16/1999 3:13:00 PM
From: Sir Francis Drake	Read Replies (3) of 74651

Jill - from what I gather, the concern is that in reality MSFT will report something in the vicinity of 39 or 41 at best, while many "hopefuls" are looking for 45-50, which they figure is just utterly unrealistic. One can look at this in one of two ways: MSFT will sell off on the announcement, because that's been the trend recently, or, MSFT will head higher because they'll do an INTC with some optimistic stuff+tracking stock. Of course, MSFT is not in the habit of making strong forward looking statements a la INTC's latest. Whatever, the fact that MSFT broke through the old high, is technically very good, even if there is consolidation ahead (once the old high has been broken, any consolidation is just a set-up for another strong move up). Morgan

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