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 3:59 PM EST

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To: Valley Girl who wrote (40342)	4/2/2000 1:21:00 PM
From: Larry S.	Read Replies (2) of 74651

Think it is likely that there will be an initial sell-off Monday, perhaps down to upper 90s. Don't see much worse than that. Think that, as details of the mediation come out, stock will rebound. Likely fall of in anticipation of Jackson's actual ruling. But the market hates uncertainty, and it is likely that the stock will rebound, perhaps, significantly after the ruling (unless it is totally draconian.). Old street saying: buy on the rumor, sell on the news. We might well have the opposite here: so much big news is expected on the ruling, that we are likely to see a buy on the news in this case. The worse the remedy, the more likely the reversal on appeal. MSFT has laid the ground work for successful appeal by its efforts to settle the suit along the lines of the most contentious issues: separating IE, opening code, even-pricing. these are the strongest remedies the government could realistically expect. msft apparantely agreed, yet the government still refused to settle. too many state AG's in the pie? jmho. larry

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