How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.08

0.0%

3:59 PM EST

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To: johnd who wrote (27031)	7/21/1999 2:02:00 PM
From: Sir Francis Drake	Read Replies (1) of 74651

johnd - it is impossible to make hard and fast targets, but I'm sticking with my figures that I've talked about since April of this year: The fall of this year, exacerbated by the concerns about overvaluation, Y2K fears, and other factors, could be very trying. MSFT has very strong support at 74. If the conditions warrant (market meltdown), you may see 74. If 74 breaks, I see 67 1/2 as virtually unbreakable, but we'll only see the 67 1/2 in very bad market conditions. My target for April of 2K is $140. Morgan

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