How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 490.06

+0.7%

3:59 PM EST

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To: Brian Malloy who wrote (27389)	7/27/1999 12:47:00 PM
From: johnd	Read Replies (1) of 74651

Brian, Thanks for the detailed post. It was informative and insightful. What will be interesting to me is to see if 1999 follows 1998. If it does, we could see an yearly low on all indices in late August to early September. Wall street might use the 9999 - Y2K issue as excuse for the correction. The statement from Greg Moeffi at the Q&A session that MSFT kept the put strikes to 64 - 65 range is an interesting observation. Tells me where he sees the downside floor to MSFT stock price. I don't see it will get that low. But in a severe correction it could. Of course I will be a heavy heavy buyer under 70, if it gives me the opportunity.

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