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Technology Stocks : How high will Microsoft fly?
MSFT 474.75-0.7%12:30 PM EST
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To: 16yearcycle who wrote (14495)1/18/1999 3:48:00 PM
From: johnd  Read Replies (3) of 74651
 
Looks like a lot of people want to unload on Tuesday
morning. I have seen extreme positive postings here and
from wall street analysts when there is an agenda to
unload. Didn't the stock hit 136 on a week ago? wasn't
it at 141 on Friday am?

What happened is wall street firms washed up a lot of
options during late in the day and now want to dump
it this week as investors play up/down momentums.

I think msft will hit 150 back again after this week
it will take a while, may be 4-6 months. For FY99, even
if we get 2.50, it will still be at 60 PE at 150. The hot
money could easily move out of this one after earnings release.
I looked at the moving averages and the stock is trading
way above those, i.e. abot 50% higher than 200-d mv.
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