How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.83

-1.1%

Dec 1 3:59 PM EST

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To: Logos who wrote (9124)	7/12/1998 3:13:00 PM
From: johnd	Read Replies (3) of 74651

All these predication of 120 and 130 are a bit amazing to me. Are these opinions coming from people who have tracked this stock for the long term or just short term momentum players? I wonder. Take the last 6 months. Profits are up from 1.58 to 1.78 at the end of June quarter. That is about 13%. The stock is up during the same period by 72%. The trailing PE has soarded from 48 to 71. Growth has slowed from 33% to 18%. What is wrong with picture? Well market sentiment has balloonned. It is the "tulip" thing. There is only so much a stock is worth. Nothing is worth infinity. Hope everyone is wearing seat belts. The down side risk is increasing every day. As I said in earlier posts, the fair side risk is to a level of 88 - 89 or about 50 trailing PE after the Junhe quarter results. That would be a 25 point or about 20% decline. I am prepared if it hits 88-89 again, Are you? johnd

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