How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.21

-1.5%

1:57 PM EST

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To: johnd who wrote (13634)	12/30/1998 4:21:00 PM
From: t2	Read Replies (2) of 74651

Longer term investors will be happier to see MSFT go down to around 120 - 130 in Jan so that MSFT starts stock buybacks and put warrant sales, currently it is not able to due rich valuations. JohnD, This quarter there is a lot of upbeat earnings reports and preannouncements (Intel/Oracle/MSFT). Last year techs were very negative about the future and that is why it will be different this time. Although you present a logical argument, I don't see a return to 120s or 130s. The markets won't "allow" it. Instead, I see 150 and 160 by earnings. You have to just notice that Office 2000 and NT 5.0 are on the way this year. It makes sense for mutual funds to buy the stock before the actual product releases. Short term, I am seeing a "short" squeeze just before earnings as momentum investors pile in to the stock. MSFT has gone up due to the good news associated DOJ case. It has not caught up with the market yet. BTW Congratulations on your returns this year and good luck for next year.

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