How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 477.74

-2.5%

Dec 3 3:59 PM EST

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To: johnd who wrote (29065)	9/2/1999 3:12:00 PM
From: Teflon	Read Replies (1) of 74651

I am not so confident that MSFT is headed back to 81ish, but it's nice to see you revised your bottom up from 77 :) Regardless, keep in mind that MSFT traded through a bunch of 50MM share trading sessions as it steamrolled to the 94-95 levels, and I don't think it's going to be so easy to break the new support line at 90-92 to head back down to the low 80s. Also, most folks that are seriously worried about the FED raising rates again in October are selling today/this week. They do not want to risk the Labor/Wage numbers due out tomorrow. And I suggest that this selling is not as serious as CNBC is leading people to believe, and there is actually some buyers on the sideline waiting to jump back into the market. The more I hear this inflation jargon, the larger my smile. Even if inflation is on the rise slightly and the FED raises again in October, it will most likely be the last Fed hike of the year and earnings growth will outpace the rising cost of interest rates. In "short", this Market does not scare me, and I would not be surprised to see the Market turn positive before the end of the week even if tomorrow's numbers are poor. Teflon

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