How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 510.37

+1.4%

Nov 14 9:30 AM EST

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To: ed who wrote (35478)	12/15/1999 1:42:00 AM
From: Chris Abellera	Read Replies (1) of 74651

From a technical standpoint, MSFT is breaking out of a 5-month base. All the overhead appears to be past us. Let's hope that the Oracle news triggers a tech rally and brings this stock back to 100+. If the market can rally and hold itself together tomorrow, and MSFT can penetrate 101+ on solid volume, we should see follow through to 105 at the close that day. On stock like this, my short-term price target would be around 15-20% above the break point, i.e. 115-120. It may be headed higher, because they may announce another 2-for-1 split if it can reach and hold in that range. The MSFT settlement (if it became true) would be nice, but I'm not holding my breath. My guess for tomorrow, is that the MM's will try to gap the stock up tomorrow at 100 at the open and then try to shake people out in the middle part of the day (98-99), and then close the stock at around 101 in the last hour towards the close. -Chris

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