How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 465.93

+3.3%

Jan 23 9:30 AM EST

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To: Teflon who wrote (27803)	8/3/1999 2:14:00 PM
From: Sir Francis Drake	Read Replies (3) of 74651

Technically, MSFT chart is beautiful - but then, it has always been beautiful, so that doesn't say much, LOL! Seriously, I look for this: did MSFT close above its previous high? Yes it did - and at the time, I indicated that it will stand us in good stead techically - plus, MSFT broke 100 intraday, which I like (granted, I'd have preferred for it to close above 100 for at least one session). Therefore, any correction will be temporary - and I'm keeping my target of $140 by April 2K. However, the trader in me thinks we have more downside going forward (obviously with regular bounces up) - in short, is this the lowest we'll see MSFT this year? Me thinks not. Morgan

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