How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.93

+0.6%

Nov 25 3:59 PM EST

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To: t2 who wrote (26925)	7/20/1999 11:26:00 PM
From: Dwight E. Karlsen	Read Replies (2) of 74651

t2k: I caved into Mr. Maffei and decided if he insisted the stock didn't deserve to be this high, then he is going to move the market, and I would be flotsam in a raging river. I dumped every holding in my account at the open this am. It was almost spooky how you mentioned that Y2K selling could come sooner rather than later, and the next day Mr. Maffei cites "uncertainty due to y2k issues", as one of the reasons why sales growth will slow from 39% to "high teens". Of course, as the Motley Fool pointed out, in April this year Mr Maffei predicted "mid-twenties" of percentage sales growth for the June quarter, year over year. "39%" is a bit higher than "mid-twenties". So I guess "high teens" really means "high twenties". Then they will probably come in at 30% or more. Anyway, now that Mr. Maffei has shook the tree, I'll stand by to rake the leaves, when they've stopped falling. Unfortunately, it does look like a giant double-top now (failed breakout), so it might be a bit before firm footing is found. Time to kick back and watch for awhile.

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