How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 496.92

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Nov 7 9:30 AM EST

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To: JC Jaros who wrote (49232)	9/13/2000 5:06:58 PM
From: Yaacov	Read Replies (1) of 74651

Nice to hear from you too! gg You have to see the "affair" from the eyes of petroleum exporters. Since 1972, the inflation has hiked the cost of basic goods more than 10 times and yet these guys are still selling at the prices that they did in 1970's! They are getting poorer and poorer, and their petro-dollars are not satisfying their needs. So they want more money! They also know if they hike the prices, the demand will diminish, and they have nothing to gain by that. They are between a wall and hard place, and Saudi's in particular are smart enough to know that! So, I think they will lower the prices. If they don't, US will lift the embargo on Iraqi Oil and Iraq will dump another 5 to 6 million barrels a day on the marekt. That will cool the marekt to a great extent. So, Iraq is the trump card that US have up in their sleeves and will play it if necessary. Iranians and Gulf States, and Saudi's in particular don't want the embargo is lifted against Iraq, wo they will compromise.

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