How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 433.48

-10.0%

Jan 29 3:59 PM EST

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To: Alex who wrote (4003)	11/12/1997 5:25:00 PM
From: vinod Khurana	Read Replies (1) of 74651

It's not quite there Alex. With the Nasdaq down the last five days, a small rally in the tech stocks could very easily push MSFT back above that magic $130 level. Whether the entity keeping up the stock price is to force MSFT into declaring a 2-1 split is a big ?. I doubt MSFT would split the stock here as they just did in December, 1996. Pricing the stock into the $60's range would add to much volatility to the stock price as the P.E would still be around 50. I think MSFT is looking for an ordearly drop to the $100 - $105 range. One has to keep in mind that MSFT pays their employees in stock options. Buying it in the open market at the $130 area sure means they are going to get their employees upset as the stock drops further. Surprising that the Goldman Sachs news on lower sales for next quarter did not tank this stock $10 or more. I have never seen anything like it. The Bulls are definetly camped outside MSFT grounds and protecting it from any harm. V.K

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