How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

3:59 PM EST

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To: Teflon who wrote (27097)	7/22/1999 3:33:00 PM
From: Uncle Frank	Read Replies (2) of 74651

>> I am pretty certain QCOM's current stock price is a little higher than most Index Funds want to pay for it. Hi, Teflon. Not to be contentious, but Index Funds are passively managed, with the decisions being made by a computer program. And even if there were a manual over-ride, Q is such a teeny tiny percentage of their holdings (~ 0.2%), I doubt that it would hit their radar screen. Imo, Qs momentary weakness is due to the perceived upper value limit caused by the secondary, the "sell the news" attitude of the MoMos, and the overall emotion of the market as we enter the slowest season on the tech calendar. For the long term investor, all these shall pass. Frank

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