How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.83

+1.9%

2:39 PM EST

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To: FlameMe who wrote (26930)	7/20/1999 7:23:00 PM
From: johnd	Read Replies (1) of 74651

rossmrm, reasons: acrophobia and "me first to exit door." Long termers, need to do no action so long as they don't worry if msft was at 70 in a month. Other wise you are not a long termer anyways. Anyone know why MSFT did not do put selling in Q4. even if they did it was all strike prices less than 65. The put strikes are at 59 to 65 or so. They did buy back in high 70s and low 80s. SO I think there will resistance at high70s to low 80s. In case of worst case panic we will see additional resistance at 65. But I can't imagine it will hit 65 until after next split. MSFT is a great company, that is why I still have 1/2 of my foot while other half is in cash.

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