How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 404.39

-2.2%

10:49 AM EST

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To: Joan Osland Graffius who wrote (3337)	10/21/1997 9:29:00 AM
From: Tom M	Read Replies (1) of 74651

Hi to Joan Graffius if you're listening, what's your MSFT strategy? I've been long MSFT a few years (not as long as yourself I imagine) and still long-term bullish but feeling we'll be seeing an "Adobe trading range" for the next year. I'd like to keep my long position in tact due to tax consequences. I'm thinking with the recent negativity/fear, Bill talking the price down, the DOJ thing, no blow-out, and several flat quarters ahead, I may short-term short as a hedge. The DOJ thing was obviously a surprise to everyone on the street so even they didn't have time to plan a temporary exit at rally prices, but I suspect they'll create one. What are your thoughts? Are you sitting tight or do you plan (or already have) a hedging strategy? As you've said, no one knows the future, but do you think we'll hold at a re-test in the 120's or do you think they can generate enough FUD to dip us down to that 105 gap or lower (still a high P/E). I'd appreciate your comments based on your experience in similar situations you've been through. thanks in advance, regards, Tom

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