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Technology Stocks : How high will Microsoft fly?
MSFT 459.86+0.7%Jan 16 9:30 AM EST
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To: Yogizuna who wrote (49118)9/11/2000 12:08:40 PM
From: sandeep  Read Replies (4) of 74651
 
Yogi, I doubt that the rising trend-line support will hold. The stock is in a SERIOUS downturn. It will not stop going down unless the SC relegates the case to the appeals court (1 month) or it sides with Microsoft (which could take 8-9 months). Till then, I think the stock could easily go back to 60 (relegation to appeals court) or 50 (SC takes the case). Nobody wants to own a company which is about to be split up and whose business is not growing fast.
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