How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 500.36

+0.7%

11:46 AM EST

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To: johnd who wrote (30727)	10/18/1999 6:56:00 PM
From: djia101362	Read Replies (2) of 74651

johnd, by reading some of your recent comments, e.g. buying at $88, it's hard to imagine that you were the boy crying wolf just a month or two ago. in reality, your prediction that msft would go back to the high $70s was actually looking more and more like a possibility earlier today. could you be a contrarian indicator? i hope not since we are now on the same side of the fence. i'm hoping the recent beating the naz and msft has taken will have been enough and that despite dell's warning, a strong earnings report by msft will be enough to get us headed back in the right direction. i'd dearly like to see a run towards $100 but at this point, all things considered, i'd be very happy if msft were trading back in the $90s come wednesday morning. it's hard to imagine that msft closed at about $98 the day its fiscal Q4 earnings were announced this past july. here we are 3 mos. later, more than $10 lower with just as bright a future if not brighter than we had back then. i think 2 people, balmer and greenspan, are to thank for msft's recent woes. that's not to say msft would not be at this level w/out their comments, but at least we'd know that the market felt msft was only worth $88 rather than curly and moe telling us where msft should be trading. naz futures are currently down -16 but hopefully by tomorrow morning, we'll be singing a different song.

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