How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 479.20

+0.2%

Jan 9 3:59 PM EST

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To: Sonny who wrote (3078)	9/15/1997 4:16:00 PM
From: vinod Khurana	of 74651

I am looking for down days on MSFT for the rest of the week and possibly into next. My short term target is $127 and anything below this will be a bonus. Slightly longer term, I am looking at $115 and then slowly down to $100. Keep in mind that for the company to buy back even 10% of its shares at current prices will cost somewhere in the neighbourhood of $17 billion. No wonder they state it is way overpriced. With over 1.3 billion shares o/s, the company will have to issue a buyback at some point if it is to continue on the growth in EPS. There is no way MSFT will spend $17 billion. $6 - $10 billion maybe but not $17 billion. Any attempt to go beyond $135 and I think will be a good buying opportunity for some more October $135 puts. MSFT is a great trade on the downside for those who missed it on the upside. Happy trading. V.K

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