How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 506.00

+1.8%

3:59 PM EST

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To: johnd who wrote (29818)	9/22/1999 6:41:00 PM
From: t2	Read Replies (3) of 74651

johnd, I don't disagree with your technical analysis. However, other companies like Sunw keep going up and trade at higher and higher PEs. There are lots of companies whose PEs keep rising in the tech sector. I think MSFT has been a laggard in this sense. Therefore, it either has a good downside support or is poised for a breakout past 100. I am betting that in a downturn it will hold 90 but the more likely scenario is that the stock goes up much higher. Remember all the negativitity from the DOJ case is already priced into the stock (that is why it has lagged). Only a hint of positive comments from Jackson is all that is need for this thing to rocket. Of course there are other developments that could make MSFT soar; release of Windows2000 and all the related hype; internet strategies; earnings surprises etc.

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