How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 487.33

-0.1%

2:35 PM EST

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To: PMS Witch who wrote (36042)	1/5/2000 12:10:00 PM
From: johnd	Read Replies (1) of 74651

PW, Happy new year. There is heavy rotation from internuts into quality bluechips like MSFT, DELL, INTC. So if there is some stabilization on DOW and blue chips, while internets and the NASDAQ as a whole decline, MSFT could keep gradually moving up. We should note the 145 and strong buy from Prudential and the 135 and strong buy from Saloman yesterday. Even if it stays around 110 - 115 range for a few days, strong earnings (like 50c+) could lift the stock again on Jan. 19, 20, 21 into option expiration to about 125 - 130. 2-digit on the stock would mean under 60 trailing PE. So while there is a possibility, it is unlikely unless the market as whole just melts. Just expressing my opinion.

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