How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.08

0.0%

Dec 17 3:59 PM EST

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To: werefrog who wrote (27304)	7/25/1999 2:56:00 PM
From: johnd	Read Replies (1) of 74651

MSFT is headed higher long term. No doubt. Msft is also headed lower short-term it appears. Within the next 60 days we could see a bottom for this Q of about 75 - 85. Currently I don't think it is in trading range (as some of you say it is). It is heading down. Because (a) Heavy selling by insiders (Gates, Allen) (b) Short selling by short sellers (c) Day traders using the downward tech. charts (d) No buyers right now. There is no new +ve news for a buy (In fact big$ is worried about market correction on inflation and rate hike fears and also worried about ahort term drops from DOJ results) Having sold half of my stake at 93.5; I feel OK about loosing the value on other half. I feel strongly that I should not get back in until I see a sustained upward trend, which I am afraid won't be for a while and may be after it flattens out in high 70s to low 80s.

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