How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 473.99

+0.4%

3:59 PM EST

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To: Jim Lamb who wrote (46295)	6/9/2000 11:01:00 AM
From: t2	Read Replies (2) of 74651

Jim, A portfolio manager just stated JULY is when the buybacks can restart (on CNBC). I believe it was a manager from Stein Roe Younger Investors Fund. I am starting to feel that this inability to buyback shares have hurt this stock in a big way. We might have been in the 80s if buybacks were allowed to continue in these months. Investors would have maintain more confidence. The flip side of that is a rise in share price might be explosive, IMHO. My feeling is that this will happen before the share buybacks restart----investors (or traders) will buy ahead of this date! Therefore, we could see solid support in this stock in the coming weeks at these levels with a lot of upside.

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