How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: werefrog who wrote (6299)	4/28/1998 9:53:00 PM
From: Bald Man from Mars	Read Replies (1) of 74651

<< Mr Baldman: I've charted for several years now & about the only meaningful indicator I look at is if the 20day MA is crossing the 50 day MA. I've seen stocks go up more often than down if you buy when this event occurs. Long term, stock prices are driven by earnings, & I would say that even now you could buy 100 shares msft tomorrow & 10 years from now it would be worth the better part of a million dollars. I love to daytrade other stocks, but not msft, it tends to go up in 30 point burst & if you are caught not holding any, you miss the big move up. It went from 119 to 160's & split very fast. Jim - Dallas>> I agree with you that if the 20 days MA crosses 50 days MA is a bullish sign. But if I am going to trade/invest in this dude, I would rather risk 5 points on the upside and wait for the 10 points decline.

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