How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 491.81

+1.0%

10:56 AM EST

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To: wiley murray who wrote (6208)	4/26/1998 10:12:00 AM
From: Moominoid	Read Replies (2) of 74651

David: Everyone is talking about the CORRECTION.This has been going on for months but the market keeps going UP. Just imagine the millions lost by bearish traders in the last two years.Until interest rates rise forget about any serious correction.Good trading. You are right - I don't think it will be that big until interest rates rise. Could be in the order of last October which will make a nice buying opportunity. Chase Manhattan which has a beta of 1 currently is down from 146 to 135 in the last week or so. Other stocks are following in more or less the same order as they did last October. My TA model shows all those I'm following (except Apple) lining up nicely just like back then. Could be wrong and I'm certainly not quitting the market. David

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