How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 481.84

+0.2%

3:03 PM EST

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To: Valley Girl who wrote (54618)	12/20/2000 5:22:20 PM
From: Dave	Read Replies (1) of 74651

I sure hope that's the real bottom - the perma-bears keep tossing around numbers like 1500 (or lower). Hey we're not perma-bears; it only seems that way during a prolonged bubbly bull market. The Nasdaq composite has started to see some damage--in my opinion 1500-2000 is about fair value, but markets always overshoot either extreme so I wouldn't be shocked by a three-digit Nasdaq low--but the Dow and S&P have yet to feel any substantial pain. Until they do, I'll remain bearish. After that though, I'm going to dig around in my attic and find my bull uniform, and Get Long. Then people here (if they're still here) will probably label me a perma-bull. Dave

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