How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.98

-1.4%

Nov 19 3:59 PM EST

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To: PMS Witch who wrote (34668)	11/23/1999 8:55:00 PM
From: Valley Girl	Read Replies (2) of 74651

Another bad day at black rock...the legal drumbeat continues as more states pile on. Add if you want, but I'm strolling calmly towards the exit. Even net of taxes there appear to be better places to be in this market, places that don't face the legal cloud and have just as much upside. I made more buying the CSCO breakout than I lost in taxes on my MSFT sale two weeks ago. Obviously I still hope for recovery, but it's just hope, not based on any strong belief. Glance at the chart on Philip Morris to see what can happen to a stock facing down the class-action buccaneers (hint: the P/E's 10). I've never seen anything good happen to a stock when lawyers were involved. Agreed on CSCO volatility, but that makes it a great trading stock, doesn't it? Re. DELL, yikes! You held a boxmaker at 60+ P/E, with $1M margin to boot? Indeed you have a cast-iron stomach. I still think MSFT can't rally until the last chicken little (and I include myself) has sold. And I think a lot of mutual fund managers with big profits in this stock are going to be locking in whatever they can while the gettin's good.

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