James:
Let me answer this way. It's at what, 120 now? I told a guy about
3 weeks ago when it was at 114/113 and going south, to get a good
cushion... because he indicated it was going to 135. The P/E is
way high now. Bear Sterns has downgraded 97 earnings from $4.15 to
$4.00, and the stock keeps going up. Go figure? Gotta be Charisma,
that's all I can figure. The whole tech sector is going crazy with
NT and the Internet stuff. Analysts don't know who/what to believe,
and you can get killed in one days trading if you don't make the
right move at the right time. Sooooooo:
If you are sincerely asking me about MSFT, (and even if you're not),
I REALLY don't know on this one. Opine follows:
1. I don't have MSFT.
2. I really can't figure out MSFT.
3. I'm still in the game with that guy I referred to above (i.e., hasn't hit 135 yet).
4. No, I really don't think it'll go to 150.
and lastly, I am not getting into MSFT <grin>.
BUT, I DO have an opportunity to get in to the Infoseek IPO if/when
it comes off at the end of this month (in the front of the line).
You can be sure I'll be in/out of that one within oh.... two hours.
Regards and good luck,
Joe <Analysts and the street are very fickle, no matter WHO the
company is. Situations can turn on a dime, just like that....I
mean, look, a month/half ago the world couldn't be better for IBM, and
Friday, what it was down, as low as 96? Anything can happen. This
ain't like investing in public utilities <grin>> |
