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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: John O'Neill who wrote (13619)12/30/1998 2:33:00 AM
From: Jake0302  Read Replies (1) of 74651
 
Looking for input on short term MSFT direction:
Lackluster trading today and yesterday on low volume. No news to speak of. But I think we are in the calm before the storm. A buying opportunity? MSFT definitely in stock split range here, and the anti-trust case against MSFT is falling apart. Good news and volume will move the stock up rapidly as traders return from the Holidays, I think. But what is the direction -- I am wondering what the stock will do for the next 2.5 weeks or so.

I see the NASDAQ leadership (msft, csco, intc) moving sideways this week, with strong moves next week, and maybe the one following. When managers start to buy for next year, I figure MSFT will be an excellent one to pick up. Maybe MSFT can help its cause with some strong announcements, and a split?

What do other SI regulars think?
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