How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.1%

3:59 PM EST

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To: Ibexx who wrote (3418)	10/17/1997 1:55:00 PM
From: vinod Khurana	of 74651

Hell Ibexx, not trying to rattle the market....just following what Wall Street is doing. There is a massacare taking place in the high tech. stocks and MSFT is not immune. Look at INTC...finally in the low $80's, IBM hit a low of $93 1/2 today, SUNW down over $6 and falling (I just bought some Nov 35 calls by the way on SUNW), CPQ down on good earnings and worse....MSFT CFO said a few months ago that revenue growth for this quarter would be lower than previous quarters and that the stock was overpriced. INTC said the same about itself a few months ago and bulls ignored the warning (a sign of complacency)....no one can sue INTC. LOOK OUT MSFT LONGS.....the writing is on the wall. IGNORE it and you could pay dearly come next week. The correction of 10% in the high techs may have started a few days ago. MSFT below $120 very soon in my opinion. V.K

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